NOURIEL ROUBINI BLOG tracks the media appearances of Dr Nouriel Roubini his interviews articles debates books news speeches conferences blogs etc..Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
Sunday, December 9, 2012
Roubini : Fiscal austerity is Necessary
Nouriel Roubini : “Fiscal austerity is necessary, but when it is front-loaded, raising taxes and cutting transfer payments, it affects economic activity in the short-term. You need austerity, otherwise you would have a crisis, but you can have a recession driven by front-loaded austerity. When people realise they have to tighten their belts, they need to be able to see light at the end of the tunnel.” - in investmenteurope