The American Empire in a Changing World


Friday, August 17, 2012

''Delaying A Eurozone Breakup Will Only Make Matters Worse'': Nouriel Roubini

From Economy Watch

''Germany and the ECB are now relying on the hope that large-scale liquidity will buy time to allow the adjustments needed to restore growth and debt sustainability in the eurozone periphery. But, if a eurozone breakup can only be postponed, delaying the inevitable would merely make the endgame worse – much worse.''

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