‘Dr Doom’ says Ireland is going in the right direction

Nouriel Roubini interview on RTE Radio. Some highlights, he is more optimistic about Ireland because 1. The fiscal adjustment has been done in more credible way, sooner than in Greece, Spain & Portugal 2. Ireland is more flexible, dynamic, entreprenuerial and has suffered less of a loss of competitiveness than the other PIIGS 3. There is light at the end of the tunnel for Ireland He thinks it’s not going to be easy, but relative to other members of the …

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Roubini: “In A Few Days Time, There Might Not Be A Eurozone For Us To Discuss”

Via Business Insider – Reuters blogger – Felix Salmon writes up a Nouriel Roubini panel on “The Eurozone: Still One for All and All for One?” Nouriel, of course, takes that kind of thinking to its logical conclusion, and kicked off the panel by announcing that it was just in time: “in a few days,” he said, “there might not be a eurozone for us to discuss.” There’s no way that Greece can implement the 10% spending cut it needs …

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