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Nouriel Roubini and Ian Bremmer of Eurasia Group appeared on ‘Bloomberg Surveillance’ with Tom Keene, Sara Eisen and Ken Prewitt today to discuss Europe’s debt crisis. On Germany bailing out other euro zone countries, Roubini said, “The Germans say, ‘you lost your virginity. Now you sign a contract. You say, ‘I’m a born again virgin.’ Be abstinent for the next two years. Show me your soul and two years from now, [...] Nouriel Roubini and Ian Bremmer of Eurasia Group appeared on “Bloomberg Surveillance” with Tom Keene, Sara Eisen and Ken Prewitt today to discuss Europe’s debt crisis.
On Germany bailing out other euro zone countries, Roubini said, “The Germans say, ‘you lost your virginity. Now you sign a contract. You say, ‘I’m a born again virgin.’ Be abstinent for the next two years. Show me your soul and two years from now, [...] Economist Nouriel Roubini was just on Bloomberg TV discussing the unfolding euro crisis and the German reaction to all of these proposals to mutualize debt. Roubini told Bloomberg that the Germans worry about three things: One is about moral hazard. They say, “if we agree on these things, there’s not going to be enough effort by Italy and Spain. Secondly is a time consistency problem. If you agree on that stuff and they don’t delever, then Germany [...] |
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