The probability of fiscal slippage remains high, as the austerity package—largely devoid of structural reforms—does little to address Italy’s pressing growth problems.Roubini (with Jennifer Kapila, David Nowakowski and Elisa Parisi-Capone) on Spain:
Spain: On Tenterhooks
Market access reflects a lack of conviction regarding Spanish fundamentals.
Market hit man is back. Lets all talk the euro down to 1.17 as this 1.40 really isn't working for the Germans any longer.
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