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Roubini’s Back: “In A Few Days There Might Not Be A Eurozone”

April 28, 2010

The prolific Roubini is back! At the Milken Global Conference on a panel to discuss the Eurozone, Roubini indicated that “in a few days…there might not be a eurozone for us to discuss.”

That certainly is an extreme view. But if you have been following the Greek debt crisis, one thing is certain, and that is the credibility of the central banks is in question. Though Greek debt is certainly a problem, as the rest of the PIIGS are (Portugal, Ireland, Italy, Greece, Spain), the one issue is how do you get a group of countries to deal with the debt when it is spread out disproportionately between them. Germany’s motivations have been different than France’s for example for a reason.

The video is not embeddable, so here is a link to it.

And if you missed the panel on Commercial Real Estate on Monday, here is the link to that.

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Categories: International
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Comments
Charles April 28, 2010


And bad news from Portugal today … it just keeps spreading…

Square Feet April 29, 2010


It's spreading and the only remedy governments have is printing money. Unfortunately for the Euro Zone countries is that the "collective" is anything but when it comes to bailouts, stimulus plans. The evidence? Twenty percent plus yields on 2-year Greek toilet paper.

joshua April 29, 2010


the yields in the euro zone are unreal. greek debt hitting 30% yield to maturity. amazing. if youre a gambling man, why not buy a little. the contagion is really becoming evident. i doubt it implodes, but who knows. euros arent quite as kind (passive sheep?) as we are here. really interesting to see what happens. and interesting to see how much we end up backstopping the IMF as the euro dominos fall.

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