Fwd: nihal.tuncer@gmail.com has sent you a message.
16 views
Skip to first unread message
Nihal Tuncer
May 9, 2010, 4:52:54 AM5/9/10
to current-eco...@googlegroups.com
---------- Forwarded message ----------
From: <emai...@ft.com>
Date: Sun, May 9, 2010 at 11:52 AM
Subject: nihal....@gmail.com has sent you a message.
To: nihal....@gmail.com
The following email has been sent to you by nihal....@gmail.com
BREAKFAST WITH THE FT: NOURIEL ROUBINI
By Gillian TettPublished: May 7 2010 21:13 | Last updated: May 7 2010 21:13
It is not yet eight o’clock in the morning but already the ultra-trendy Soho Grand hotel in Tribeca, New York, feels like a film set. The cavernous hall is dominated by concrete pillars, metal sculptures and vast leather sofas, on which a collection of unfeasibly beautiful, elegant people are draped.
It seems an odd place to meet an academic economist for breakfast. But then Nouriel Roubini is not your average egg-head. Granted, until the financial crisis started three years ago, he had spent most of his career analysing economics and writing books with titles such as Political Cycles and the Macroeconomy (1997) or New International Financial Architecture (co-editor, 2005). He was also responsible for delivering a series of speeches on the fragility of the banking world so dour that they earned him the monicker “Doctor Doom”.
This article can be found at:
http://www.ft.com/cms/s/2/2cb543cc-595b-11df-99ba-00144feab49a,_i_email=y.html
"FT" and "Financial Times" are trademarks of The Financial Times.
Copyright The Financial Times Ltd 2010
From: <emai...@ft.com>
Date: Sun, May 9, 2010 at 11:52 AM
Subject: nihal....@gmail.com has sent you a message.
To: nihal....@gmail.com
The following email has been sent to you by nihal....@gmail.com
BREAKFAST WITH THE FT: NOURIEL ROUBINI
By Gillian TettPublished: May 7 2010 21:13 | Last updated: May 7 2010 21:13
It is not yet eight o’clock in the morning but already the ultra-trendy Soho Grand hotel in Tribeca, New York, feels like a film set. The cavernous hall is dominated by concrete pillars, metal sculptures and vast leather sofas, on which a collection of unfeasibly beautiful, elegant people are draped.
It seems an odd place to meet an academic economist for breakfast. But then Nouriel Roubini is not your average egg-head. Granted, until the financial crisis started three years ago, he had spent most of his career analysing economics and writing books with titles such as Political Cycles and the Macroeconomy (1997) or New International Financial Architecture (co-editor, 2005). He was also responsible for delivering a series of speeches on the fragility of the banking world so dour that they earned him the monicker “Doctor Doom”.
This article can be found at:
http://www.ft.com/cms/s/2/2cb543cc-595b-11df-99ba-00144feab49a,_i_email=y.html
"FT" and "Financial Times" are trademarks of The Financial Times.
Copyright The Financial Times Ltd 2010
Nihal Tuncer
May 9, 2010, 4:58:18 AM5/9/10
to current-eco...@googlegroups.com
---------- Forwarded message ----------
From: <emai...@ft.com>
Date: Sun, May 9, 2010 at 11:57 AM
Subject: nihal....@gmail.com has sent you a message.
To: nihal....@gmail.com
The following email has been sent to you by nihal....@gmail.com
From: <emai...@ft.com>
Date: Sun, May 9, 2010 at 11:57 AM
Subject: nihal....@gmail.com has sent you a message.
To: nihal....@gmail.com
The following email has been sent to you by nihal....@gmail.com
THE DEBT CRISIS WILL SPREAD WITHOUT A PLAN B
By Nouriel Roubini and Arnab DasPublished: April 30 2010 03:00 | Last updated: April 30 2010 03:00
The past weekend's spring meetings of the International Monetary Fund in Washington focused on the Greek sovereign debt crisis - the first such crisis in living memory to concern a high-income country, and in the eurozone no less. Even more telling than the shift of focus from emerging markets is the widening divide in the views of those institutions and governments leading efforts to secure an orderly resolution.
Continuing on the path of least resistance - a "Plan A" of official financing banking on a mix of deep fiscal cuts, inadequate structural reforms and hopes that markets will stay open, with growth doing much of the heavy lifting - is a risky bet that is very likely to fail. Already this week, financial markets and credit rating agencies have voted against this approach and started to price in a high probability that Greece will need to restructure its public debt coercively, with contagion to the rest of the eurozone periphery now a serious risk. Augmenting the programme for Greece alone - up to €100-€120bn as suggested by the IMF - will not work either.
By Nouriel Roubini and Arnab DasPublished: April 30 2010 03:00 | Last updated: April 30 2010 03:00
The past weekend's spring meetings of the International Monetary Fund in Washington focused on the Greek sovereign debt crisis - the first such crisis in living memory to concern a high-income country, and in the eurozone no less. Even more telling than the shift of focus from emerging markets is the widening divide in the views of those institutions and governments leading efforts to secure an orderly resolution.
Continuing on the path of least resistance - a "Plan A" of official financing banking on a mix of deep fiscal cuts, inadequate structural reforms and hopes that markets will stay open, with growth doing much of the heavy lifting - is a risky bet that is very likely to fail. Already this week, financial markets and credit rating agencies have voted against this approach and started to price in a high probability that Greece will need to restructure its public debt coercively, with contagion to the rest of the eurozone periphery now a serious risk. Augmenting the programme for Greece alone - up to €100-€120bn as suggested by the IMF - will not work either.
This article can be found at:
Reply all
Reply to author
Forward
0 new messages