View full page at forexfactory.com

 

Euro Zone Needs a Divorce: Roubini

From cnbc.com

Like a marriage that no longer works, the euro zone should accept its fate, split up and get divorced, according to Roubini Global Economics. Writing in the Financial Times, Chairman Nouriel Roubini and Managing Director Arnab Das argue that while the the European Central Bank's (ECB) twin Long Term Refinancing Operations (LTRO) - in which the ECB offered banks cheap loans to avert a credit crunch - quelled immediate fears, the euro zone's deep rooted issues remain unresolved. In the comment piece for the paper Das and Roubini – dubbed Dr Doom for his pessimistic economic predictions - suggest that problems remain ... (full story)

Story Stats

  • Posted:
  • Category: Breaking News