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New York University Keynesian economist Nouriel Roubini has a plan to save the world (using your money).
He writes in the Nikkei Asian Review:
Europe is not doomed to collapse. The crises that it now confronts
could lead to greater solidarity, more risk sharing, and further
institutional integration. Germany could absorb more refugees (though
not at the rate of a million per year). France and Germany could provide
and pay for military intervention against the Islamic State. All of
Europe and the rest of the world – the US, the rich Gulf States – could
provide massive amounts of money for refugee support and eventually
funds to rebuild failed states and provide economic opportunity to
hundreds of millions of Muslims and Africans.
–RW
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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