BTC Return This Year:
6.0%
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Forget Portugal, Says Roubini - Worry About Spain
As Greece and Ireland flounder in Europe, many analysts are turning their gaze to Portugal, the PIIG nation deemed most likely to follow suit. Economist Nouriel Roubini isn’t worried about Europe’s twelfth most populous country, however; he’s more concerned with Portugal’s larger next door neighbor, Spain. “I think the big question is not Portugal — that is too small — but rather whether the contagion could spread, over time, to Spain, a country that is on one side too big to fail, but from the other side too big to be saved,” he said late last week on Bloomberg’s The Pulse. Citing fundamental risks ... (full story)