roubini: europe needs 'massive monetary easing'europe needs "massive monetary easing" to get out of its debt crisis, otherwise greece will likely abandon the euro in a year and a half, famous economist nouriel roubini told cnbc on wednesday.europe can beat this crisis but maybe not the next: clive crookhow gloomy should we be about the european union? are its problems manageable, or is it headed for systemic collapse? my answer is yes -- the problems are manageable, and the eu’s leaders are behaving so recklessly that collapse is all too possible. i don’t know whether that makes me an optimist or a pessimist.merkel pleads for patience to let europe solve its problemschancellor angela merkel of germany told an audience at the world economic forum that europe had made more progress in dealing with the sovereign debt crisis than foreign investors acknowledged.in europe, a conflict over bank capitalas european banks move to shed businesses and write off losses, their regulators might veto any steps they fear could inflict further damage. |
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