End of the Euro area by 5 years after Nouriel Roubini

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End of the Euro area by 5 years after Nouriel Roubini




by Christophe » 21/06/11, 11:21

ALARMIST - Economist Nouriel Roubini plans end of euro zone in five years (FT)

Nouriel Roubini is one of the (rare) economists to have predicted the global economic and financial crisis of 2008. Since this fact of arms, his positions are particularly listened. The last of them, expressed Monday in the Financial Times, is enough to thrill decision makers in the euro area.

According to him, the tensions on the debts of the members "weakest" of the eurozone could cause the explosion of the monetary union. “The Economic and Monetary Union has never fulfilled the conditions for an 'optimal monetary zone',” he explains, pointing to the economic and competitiveness differences between member countries, as well as excessively disparate fiscal policies.

Instead of devoting themselves to these necessary "structural reforms", the Europeans have allowed the differences to widen and the debt crisis now threatens the countries of the "periphery". In the absence of a "federal centralization" of income - which would mean that "German taxes also pay the debts of the most fragile countries" - the only way to restore competitiveness and bring back growth would be an exit euro, accompanied by a massive depreciation.

This scenario, "inconceivable today", could well be inevitable in five years, concludes the economist.


http://bigbrowser.blog.lemonde.fr/2011/ ... nq-ans-ft/

Owl!! The hardest is finally still before us ...
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by sherkanner » 21/06/11, 12:08

Well yes, everyone wants Europe, but must not touch the gray of each ...

There are compromises to make, nobody does (or almost).

In addition to nothing to see the bad political will to help Greece, the scenario of an expulsion of the less well-off countries of the Euro is possible. I just hope the politicians will move before that.

Finally, the only short-term means that I see is to remove the carrot at the end of the stick, remove a large part of their compensation until no solution is applied, they will move.
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by Obamot » 21/06/11, 14:05

The problem is systemic, it's not the fault of the Euro.

The dollar is in much worse position than the Euro, and the lack of confidence that inspires him and the US debt that is immeasurable ...

So I do not believe it!

(Merkel, do not give up ...)
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by dedeleco » 21/06/11, 14:38

Not impossible, the dollar causing a stronger economic crisis, and the refusal to tighten the belt for lack of mutual trust between rich and poor wasters in Europe!
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by camel1 » 29/06/11, 00:12

Hi everybody !

Christophe wrote:
ALARMIST - Economist Nouriel Roubini plans end of euro zone in five years (FT)

Nouriel Roubini is one of the (rare) economists to have predicted the global economic and financial crisis of 2008.


http://bigbrowser.blog.lemonde.fr/2011/ ... nq-ans-ft/

Owl!! The hardest is finally still before us ...


Ben I had already relayed that elsewhere in this forumbut go see what's going on here, they have not been wrong for years:

http://www.leap2020.eu/GEAB-N-56-Special-Ete-2011-est-disponible-Crise-systemique-globale-Derniere-alerte-avant-le-choc-de-l-Automne-2011_a6658.html
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by Obamot » 29/06/11, 00:38

dedeleco wrote:Not impossible, the dollar causing a stronger economic crisis, and the refusal to tighten the belt for lack of mutual trust between rich and poor wasters in Europe!

For that, it would have been necessary to falsify all the chain of investigation, which accuses it already, whatever one does not say it.

His arrogance does not plead in his favor either. Neither his behavioral problems (... a little that I would have protested if they had accused me for no reason ...)

So opportunism, eventually. But plot ... not for me. That said, I could be wrong.

A good test will be to see what will happen during the trial.
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by Christophe » 14/12/11, 14:53

Marcel Capue's analysis: http://www.dailymotion.com/video/xlvh50 ... e-vite_fun : Mrgreen: (really very rude!)
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by dedeleco » 15/12/11, 01:15

Some truths and essential!
like CAC40 on A5 to watch.

If not :

For Juppé, the loss by France of the triple A "would not be a cataclysm"
http://www.liberation.fr/politiques/010 ... cataclysme

is wrong, because we will have to pay much more, the interest to compensate for our deficit, so tighten much more the belt, recession, sacrifice of civil servants, pensions, accelerated dismissals, inflation of the ratio price on wages and the end of the € to return to the past with a bank making paper money and strong devaluation.

The USA, already, pay much more than us now, bankrupt cities, jobs, pensions of many businesses evaporated to zero, to the street, etc ..., contrary to what Juppé said !!

https://www.econologie.com/forums/faillites- ... 11292.html

You have to change the title 5 years becoming 2 months !!!!
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by dedeleco » 15/12/11, 01:42

You have to change the title 5 years becoming 2 months !!!!

Today start:
dismissals in French banks:

Job haemorrhage at Crédit Agricole
http://www.liberation.fr/economie/01012 ... -en-france

Economy November 17 at 0h00
BNP Paribas de-fats the ex-hen with golden eggs
http://www.liberation.fr/economie/01012 ... x-ufs-d-or

Pécresse: "The State will not put money in French banks"
http://www.liberation.fr/economie/01012 ... francaises

Lire:

http://www.leap2020.eu/GEAB-N-59-Sommaire_a8139.html

http://www.leap2020.eu/GEAB-N-59-Sommaire_a8139.html

http://www.leap2020.eu/Sommaires-des-pr ... s_r40.html

Global systemic crisis: 30.000 billion USD of ghost assets will disappear by early 2013 /
The crisis enters the phase of generalized discount of Western debts

We arrive towards the end of the second semester 2011 and 15.000 billions of active-ghosts have flown well in smoke since last July as anticipated by LEAP / E2020 (GEAB N ° 56). And, according to our team, this process will continue at the same pace throughout the coming year. We believe that, with the introduction of the 50% discount on Greek public debt, the global systemic crisis is entering a new phase: that of the generalized discount of Western public debts and its corollary, the fragmentation of the global financial market... (2 page)
Read public release

30% average discount of Western debts by the beginning 2013 ... without activation of sovereign CDS which prove to be a vast scam
According to LEAP / E2020, by the first quarter of 2013, Western public debt will be allocated a discount of 30% on average. This will concern European debts (Euroland, United Kingdom, Central and Eastern European countries) as well as those of the United States and Japan. Out of a total of about 45.000 billion USD, 15.000 billion more will turn into "ghost assets" causing a new shock for the global financial system and contributing in particular to the decimation of Western banks ... (page 9)
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Re: End of the Euro zone by 5 years after Nouriel Roubini




by Obamot » 15/12/11, 02:28

Christophe wrote:Owl!! The hardest is finally still before us ...


Do not rejoice too quickly ... Merkel is against the "Eurobonds". She says that a new call for funds (debt) would not solve the problems of the states, and she is absolutely right (the English would rather do what I say, not what I do ... French I let you judge ... as for the PIGGS why change when you can make others pay ...)

In short, it does not take the way ... amha (we'll talk about it in five years, when everyone will have forgotten, that the economy will be back in full bloom, bein woui ... just pile-hair when the next crash will happen ...)

And come what may...
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