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Nouriel Roubini – ECB's Latest Actions Only Buy More Time

September 07, 2012 | About:

Roubini appeared on CNBC and surprisingly he is not terribly optimistic!

He is especially worried about Spain which has a rapidly deteriorating economy and falling housing market. He thinks it is inevitable that Spain is going to need help from the IMF down the road.

Roubini observes that among young people unemployment is close to 50%; it is 24% nationally.

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Rating: 3.8/5 (5 votes)


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