Roubini Warns on PIIGS

[Northern Boy]

The very connected Nouriel Roubini thumbstweets)

Portugal on verge of losing market access; Irish bailout in trouble; WestLB rescue in trouble. So much for Eurozone crisis being contained

Roubini can be way off on the economy because of his Keynesian analytical view of the world, but when it comes to economic gossip, the man knows of what he speaks. Take the above warning very seriously. Most alarming is his comment on WestLB AG, which is a European commercial bank based in Düsseldorf, Germany that is partly owned by the German state of North Rhine-Westphalia.


http://www.economicpolicyjournal.com...-on-piigs.html

[bashi]

“It was a European-dominated news day, and the market is second-guessing the amount of optimism it had priced in to the euro,” said Stephen Gallo, head of market analysis at Schneider Foreign Exchange in London. “Germany’s WestLB is a big deal because it could be indicative of what we may be dealing with in banks across the euro zone.”


http://www.bloomberg.com/news/2011-0...-won-gain.html

[Etherios]

Well i dont know if these news are going to happen or not all i know is that it was announced from the IMF/EU group that something like 50 bill Euros of land/buildings etc of Greek property will be sold off to pay off the Greek debt till 2015. They are selling of our country for cents and people still hide behind their pillows.

The elites are cashing off their fake money and buying out land ... guess we are getting close to the meltdown who knows. Its a sad time for Greece.