Market Currents
Nouriel hits the FT, calling for Italy's debt to be restructured as public debt of 120% of GDP,...
-
Tuesday, November 29, 2011, 11:34 AM ETNouriel hits the FT, calling for Italy's debt to be restructured as public debt of 120% of GDP, real rates of 5%, and zero GDP growth add up to a toxic mix. Mario Monti may do a better job than Berlusconi, but he has no ability to alter the laws of math. Contrarian alert: Wasn't Roubini calling for U.S. bank nationalizations in 2009 shortly before the XLF nearly tripled?
Other date
Latest Global Articles
This news story has 1 comment:
Monetization of EU debt in general is the only solution other than full fiscal integration. . .which will take some time with the EU being as efficient as it is.