sábado, 20 de fevereiro de 2010

Há uns que andam de bicicleta. A voar, não sei...

By Nouriel Roubini and Arnab Das
2/11/2010 | Last Updated
The extent of the fiscal pressures facing Greece, and the inherent inability of the EU/ECB to handle such crises with the deliberation and conditionality required, suggest the need for IMF involvement if the EU is to avoid a larger, more devastating round of contagion across the weaker tier of eurozone members. The interlinked nature of EMU turns a relative midget – Greece, accounting for a mere 3 percent of the eurozone’s GDP, into a systemic entity. Thus, if Greece is, as RGE believes, “too-interconnected-to-fail,” the EU needs to put theoretical concerns about moral hazard and global prestige aside, [...]
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Roubini Global Economics

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