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Nouriel hits the FT, calling for Italy's debt to be restructured as public debt of 120% of GDP,...

Nouriel 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?
Comments (1)
  • Wasn't he ringing alarm bells before the recession?
    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.
    29 Nov 2011, 12:12 PM Reply Like
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