Roubini: “In A Few Days Time, There Might Not Be A Eurozone For Us To Discuss”

yahoo.com: Roubini: “In A Few Days Time, There Might Not Be A Eurozone For Us To Discuss”

Nouriel, of course, takes that kind of thinking to its logical conclusion, and kicked off the panel by announcing that it was just in time: “in a few days,” he said, “there might not be a eurozone for us to discuss.” There’s no way that Greece can implement the 10% spending cut it needs to do in order to stop its debt spiralling out of control at current interest rates — and even if it did, the economic effects would be disastrous.

And guess what: Spain is worse than Greece, says Roubini. Ugh.

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