Roubini Nailed The Euro Crisis Six Years Ago, And Was Told To Shut Up By Italy's Finance Minister http://www.businessinsider.com/tremonti-roubini-davos-2011-11 By Peter Apps, Political Risk Correspondent
Excellent pickup from Adam Button at ForexLive...
Six years ago Nouriel Roubini was speaking at Davos when he was interrupted by a cry of "Go back to Turkey!" by Italian Finance Minister Giulio Tremonti.
Here's what Roubini was saying that pissed off the Italian:
LONDON, Nov 11 (Reuters) - Euro zone member Slovakia believes it might be better for some states to leave the currency if they cannot make necessary reforms, its prime minister said on Friday, saying a "de facto" split already existed.
Prime Iveta Radicova said governments in some of the more indebted countries had lied to their own people and their European partners, helping create the current storm. Saving the currency bloc was vital for Slovakia and other members, she said, but it required painful choices.
Slovakia has been a vocal critic of bailouts for indebted states during the crisis and did not take part in the first aid package for Greece.
Radicova said a currency exit for some states might be the least worst option.
http://www.vision.org/visionmedia/article.aspx?id=50003
Friday, 11 November 2011
Posts
