Restoring European Growth
Nouriel Roubini, New York University | September 20, 2011
Advanced economies are feeling the strain of a growing economic recession. ++ The economic crisis has spread from the private sector over to sovereign states. ++ Unlike smaller struggling eurozone countries, the world's most powerful economies should hold off on austerity measures and stimulate their own economies. ++ Reverting back to the national currency is the only way to restore growth and competitiveness to eurozone countries burdened by debt. ++ Failure to take steps could jeopardize the peace Europe has grown used to enjoy.
Tags: | credit |
banks |
investement |
austerity |
United States |
Europe |
debt crisis |
eurozone |
