Nouriel Roubini : The difference between Greece Debt and The US Debt is The Printing Press

Roubini on Greece and California Debt Similarities and Differences

Nouriel Roubini explains the differences and similarities between the debt crisis of California and New York and that of Greece , Roubini points out the California is a much bigger to the US economy than is Greece to the European Union , in fact California is one seventh of the American economy while Greece is only three per cent of the European economy but unlike the US Greece does not have control over the printing press of the Euro so it cannot monetize its debt as did the United States a while back........Insight on the rolling debt crisis, with David Malpass, Encima Global; Nouriel Roubini, RGEmonitor.com; and Andrew Ross Sorkin, The New York Times.