New York-based Professor Nouriel Roubini, who earned the moniker Dr Doom after correctly predicting the global recession and house price crash in America in 2005, said the strengthening euro was a grave concern for Ireland, Portugal, Spain, Italy and Greece.
“These are countries that are not competitive, they have large trade deficits and the euro becoming stronger and stronger is hurting their competitiveness and is hurting the resumption of economic growth.”
Whoa dude.
It’s like, you know, Friday.
ECB Could Cause Double Dip Recession In Ireland (Lisa O’Carroll, Guardian)
Sponsored Link