Thursday, December 27, 2012

Roubini : a massive loss of market access in Italy and Spain have been reduced for 2013

Nouriel Roubini :........The tail risks of a Greek exit from the eurozone or a massive loss of market access in Italy and Spain have been reduced for 2013. But the fundamental crisis of the eurozone has not been resolved, and another year of muddling through could revive these risks in a more virulent form in 2014 and beyond. Unfortunately, the eurozone crisis is likely to remain with us for years to come, sustaining the likelihood of coercive debt restructurings and eurozone exits.
 - in project-syndicate
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