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Euro Zone Faces Zero Growth, US Facing Trouble: Roubini
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Euro Zone Faces Zero Growth, US Facing Trouble: Roubini

  #1 (permalink)
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Euro Zone Faces Zero Growth, US Facing Trouble: Roubini

"Greece was just the tip of the iceberg...And the Americans too will run into the wall at some point if the carry on the way they are," he said in the interview published in German.

More on CNBC...

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Posts: 15 since Nov 2009
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I've been wondering about all the fuzz about Greece since it came out.
Greece only has 11Miljoen people. They are less than 2% of the total population of the Euro zone. Let's look at our terminator frend in California, that has 38Miljoen people in it and for sure not doing better than Greece.
Now I totally fell of my chair when I heard that Hungary was in trouble and suddenly the Euro fell a lot more down. Hungary has nothing to do with the Euro, it has its own coin.
To me that was a clear sign that the shorting of the Euro was by far not the smart money who where doing this and since the banks in Europe are buying euro's like crazy this was for sure a great example of sentiment. Beside that a low euro is excellent for the export. I know in Holland the factories cant supply all the demands the last couple of months.

We just need to wait and see how this story continues :-) Thanks for your lines :-)


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