Sunday, December 16, 2012

Roubini : Unless we restore economic growth in five years time this will become financially, socially and politically unsustainable

Nouriel Roubini : “There is still room for cutting the policy rate, right now at 0.75%. Why is the ECB waiting? You could cut it to a negative level. “Unless we restore economic growth in five years’ time this will become financially, socially and politically unsustainable. Europe has not spent enough time talking about what are the intelligent and creative ways to jump-start economic growth in the periphery and the core.” - in investmenteurope
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