deutsche mark set for comeback in germany?, page-4

Thursday, November 10, 2011

Roubini : Italy should go back to the Lira

Nouriel Roubini : Even a restructuring of the debt – that will cause significant damage and losses to creditors in Italy and abroad – will not restore growth and competitiveness...if you cannot devalue, or grow, or deflate to a real depreciation, the only option left will end up being to give up on the euro and to go back to the lira and other national currencies. - Roubini wrote in The Financial Times


http://nourielroubini.blogspot.com/2011/11/roubini-italy-should-go-back-to-lira.html#.Trv2DacWOJk.pingfm