#RGE's base case scenario: Portugal is headed for a debt restructuring, followed by an exit from the monetary union.the man is tied in, so you can dismiss his comments, although it does look like the ECB will continue to prop up all the PIIGS at this stage to prevent a crack-up of the EZ.
Friday, April 6, 2012
Roubini: Portugal Will Leave the Euro Zone
Nouriel Roubini tweets:
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I reckon that restructuring and being shown the door means quietly defaulting, wonder who follows, how quickly and how quietly?
ReplyDeleteRoubini is part of the IMF crew - not right or wrong or good/bad but just is - the euro zone will not be breaking up - there are reasons why they worked hard and long to create the euro zone
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