EconoMonitor

Nouriel Roubini's Global EconoMonitor

Roubini Topic Archive: Banks

  • Berlin Is Ignoring the Lessons of the 1930s

    From the Financial Times (originally published on June 8, 2012): Is it one minute to midnight in Europe? We fear that the German government’s policy of doing “too little too late” risks a repeat of precisely the crisis of the mid-20th century that European integration was designed to avoid. We find it extraordinary that it […]

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  • Bartiromo One on One with Nouriel Roubini: Trouble Ahead for Economy

    From USA TODAY: Nouriel Roubini, co-founder of the economic strategy firm Roubini Global Economics in New York, is worried about the so-called fiscal cliff the United States is facing at year’s end. I caught up with Roubini to talk economics, Europe and that fiscal cliff. Our interview follows, edited for clarity and length. Q: Where […]

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  • Get Ready for the Spanish Bailout

    From the Financial Times: No one can pretend to know whether Spain is illiquid or insolvent without gauging the size of the black hole that is the country’s banking sector. The Spanish government is finally starting to do this: Bankia and other banks are reportedly set to receive a capital injection from Madrid. With the […]

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  • The Instability of Inequality

    From Project Syndicate: This year has witnessed a global wave of social and political turmoil and instability, with masses of people pouring into the real and virtual streets: the Arab Spring; riots in London; Israel’s middle-class protests against high housing prices and an inflationary squeeze on living standards; protesting Chilean students; the destruction in Germany […]

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  • Roubini Bloomberg Interview – Roubini Says Europe Needs €2 Trillion ‘Bazooka’

    From Bloomberg — by Stefania Bianchi Europe must raise the amount of funds it has earmarked to arrest its fiscal crisis and deploy a 2 trillion-euro ($2.7 trillion) “bazooka” before time runs out, said Nouriel Roubini, chairman of Roubini Global Economics LLC. “I’m very concerned of things getting out of control,” Roubini said in an […]

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  • EMERGING MARKETS Interview with Nouriel Roubini – Risk of Depression Is ‘Huge’

    Fears have grown this week that we are on the verge of a new global financial crisis. What’s your view? In my view there is a high likelihood that there is going to be another global financial crisis. My data suggests that most advanced economies are already entering a recession. We’re not any more in […]

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  • Full Analysis: Greece Should Default and Abandon the Euro

    The following piece of analysis was summarized in an OpEd published Tuesday in the Financial Times.  In order to clarify a number of points made, here is the full analysis. Greece Should Default and Abandon the Euro By Nouriel Roubini Greece is insolvent, uncompetitive and stuck in an ever-deepening depression, exacerbated by harsh and excessive […]

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  • Greece Should Default and Abandon the Euro

    From the Financial Times: Greece is stuck in a vicious cycle of insolvency, low competitiveness and ever-deepening depression. Exacerbated by a draconian fiscal austerity, its public debt is heading towards 200 per cent of gross domestic product. To escape, Greece must now begin an orderly default, voluntarily exit the eurozone and return to the drachma. […]

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  • Greece Financing Offer: I Am Not Going to Say I Told You So, But…

    For over a year, RGE has argued that a solution to the Greek debt insolvency crisis should include an orderly and market-oriented but coercive debt exchange, with a par bond for hold-to-maturity investors (banks, insurance companies, pension funds) and a discount bond for mark-to-market investors (hedge funds, etc.). And indeed, the EZ has now proposed, […]

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  • The Eurozone’s Last Stand

    As we have been arguing for over a year, Greece is not just illiquid; it is also insolvent and will not regain market access until its insolvency is resolved. Even if Greece were to fully implement the draconian 10%-of-GDP fiscal adjustment program imposed by the IMF and EU, the country’s public debt would reach over […]

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