Italy is in Crisis

"if the situation worsens, which now seems hardly impossible, the consequences could be very damaging for Italy. "Our most probable scenario is elections in early 2014 but we do not exclude even sooner than that.

The markets are reasoning in a similar way. If there is no solution, the spread will rise to 300 (3.0 percentage points) in a few days and the calm period for the Italian stock market will come to an end. Bank stocks will be particularly hard hit and credit costs will continue rising. The sooner the elections, the worst the damage for bonds." - in brecorder

Related ETFs: iShares MSCI Italy Index ETF (EWI)





Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Italy is in Crisis

"if the situation worsens, which now seems hardly impossible, the consequences could be very damaging for Italy. "Our most probable scenario is elections in early 2014 but we do not exclude even sooner than that.

The markets are reasoning in a similar way. If there is no solution, the spread will rise to 300 (3.0 percentage points) in a few days and the calm period for the Italian stock market will come to an end. Bank stocks will be particularly hard hit and credit costs will continue rising. The sooner the elections, the worst the damage for bonds." - in brecorder

Related ETFs: iShares MSCI Italy Index ETF (EWI)





 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Italy`s Crisis

"if the situation worsens, which now seems hardly impossible, the consequences could be very damaging for Italy. "Our most probable scenario is elections in early 2014 but we do not exclude even sooner than that.
The markets are reasoning in a similar way. If there is no solution, the spread will rise to 300 (3.0 percentage points) in a few days and the calm period for the Italian stock market will come to an end. Bank stocks will be particularly hard hit and credit costs will continue rising. The sooner the elections, the worst the damage for bonds." - in brecorder
Related ETFs: iShares MSCI Italy Index ETF (EWI)



Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Roubini : Crisis in Italy goes beyond Berlusconi's Problems

Nouriel Roubini warned that instability in Italy over the future of Silvio Berlusconi could trigger early elections next year and weigh on the country’s standing on financial markets from this week.
“Our most probable scenario is elections in early 2014 but we do not exclude even sooner than that. The markets are reasoning in a similar way,” Roubini said in an interview with La Repubblica daily.

Italy in Crisis : Most Probable Scenario Elections in Early 2014

“Our most probable scenario is elections in early 2014 but we do not exclude even sooner than that. The markets are reasoning in a similar way,” Roubini said in an interview with La Repubblica daily.

Roubini to Repubblica : The Markets will punish Italy

Nouriel Roubini "With the crisis soon spread to the $ 300 even now, the markets may punish Italy " "It is breaking due to Berlusconi's unofficial pact, a kind of gentlemen's agreement that was to avoid any political upheaval before the German elections. We live in a state of" controlled volatility "but if the situation is screwed, as now seems tutt 'nothing but impossible, the consequences could be very heavy for Italy. "
Roubini told the Italian newspaper La Repubblica : 
Read More in Italian http://www.repubblica.it/politica/2013/08/26/news/nouriel_roubini_con_la_crisi_spread_presto_a_quota_300_gi_da_oggi_i_mercati_possono_punire_l_italia-65318923/ >>>>

Italy Trip Report: A Fragile Economic and Political Environment

Nouriel Roubini ‏: My new paper with RGE's Brunello Rosa - Italy Trip Report: A Fragile Economic and Political Environment http://bit.ly/10zvTAR $$ - in twitter

Roubini : In Italy there's the beginning of a political storm

Nouriel Roubini : "In Italy there's the beginning of a political storm. The result of the Italian elections signal that the majority of people are against austerity and not just in Italy also in Lisbon half a million people were in the streets and 25 percent unemployment in Greece and Spain, 50 percent amongst young people and there is restlessness," - in a recent interview with CNBC

Roubini ‏: Italy thrown early into Electoral Season

Nouriel Roubini ‏:" Italy thrown early into electoral season @MacroScope: Italian PM Monti 2 resign as soon as next year's budget is passed http://uk.mobile.reuters.com/article/article/idUKBRE8B70DH20121208 … " - in twitter

Roubini : in Italy There is no alternative to Monti

"There's no alternative to Montismo," Nouriel Roubini said at the Ambrosetti workshop in Como northern Italy . "If we have a grand coalition, it is highly possible that it will be led by Monti," He added - in the WSJ

Roubini ‏: Italy's Recession Deepening

Nouriel Roubini ‏: Based on PMIs, Italy's recession is deepening, France is entering a contraction while Germany's sharp growth slowdown is modestly improving - in twitter

Roubini : Recession Deepens in Italy

Nouriel Roubini ‏: " I am in Rome today for meetings. Italian spreads defrosting as Merkel supports Monti & ECB ready to intervene. But Italy's recession deepens " - in twitter

Roubini : Italy can threaten to leave The Eurozone

Nouriel Roubini : " Not a bluff:Italy can credibly threaten to leave EZ if Germany/ECB don't help @juanmjm: Bluff? MT: @Nouriel: Italy pressuring Ger/ECB to act "says Roubini in a twitter message
" Italy pressuring Ger/ECB to act @ReutersJamie: Wow:bank of italy governor says euro zone breakup a possibility,albeit a "remote possibility" " He added

Roubini : In Italy The Business & Political Lobbies favor Euro Exit

Nouriel Roubini : "Berlusconi outburst confirms what I wrote in my last paper:powerful business/political lobbies in Italy favor Euro exit http://bit.ly/Md57XF "
"In Italy Berlusconi/his party is anti-euro; the Lega Nord has always been anti-euro & popular new Movimento 5 Stelle of Grillo is anti-Euro"
"Berlusconi says: "It isn't blasphemous to exit the Euro" signaling the he/his party & powerful business interests want to return to the Lira" He added in a second twitter message

Roubini : Time To Go To Plan B On Italy

Nouriel Roubini : "If, as appears likely, Italy remains stuck in an uncompetitive recession and is unable to regain market access in the next twelve months, then even if such large official resources were mobilised, they would be wasted on financing investors’ exit and thus postponing an inevitable debt restructuring that would then be more disorderly." - via Business Insider

Roubini : The worst case scenario for Italy is inevitable.

"Italy primary balance is barely >0 while a 5% of GDP surplus needed just to prevent debt/GDP ratio to rise above 120%. Clearly unsustainable" says Dr Doom Nouriel Roubini via Twitter : "Italy is TBTF Too Big to Fail but it is also TBTS Too Big To Save , A Coercive debt restructuring , Maturity extension with Par Bond will become unavoidable soon " he added "With real rates at 4% & GDP growth at 0% (better than current data) Italy still needs a 5% of GDP primary surplus to stabilize debt at 120% " "As in Greece coercive "voluntary" debt restructuring (Par/Discount) in Italy would NOT trigger CDS based on ISDA definition of credit event" He explained

Italy needs a new technical government NOW

Nouriel Roubini : "The only thing you really need to do now is to change the government." Nouriel Roubini said in an interview with the Italian news paper La Repubblica, commenting on the situation of the Italian economy. "Everything else comes next," he added, "but this is the most pressing, most importantly of interventions on the deficit: Italy must send home the present Cabinet, which has lost all international credibility, and put to work a group of competent economists interested in the fate of the country, not only in their own interests. " " A GOVERNMENT TECHNICAL NOW ". Should be " the task force," "to study the necessary measures."Roubini said, "Italy is on the brink of recession, perhaps it is already in it. This is the truth. It is no longer just a matter of attitude and behavior of the prime minister, it is the government as a whole to have given evidence of incapacity. " Roubini added