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IPFS News Link • Economy - International

"In A Few Days Time, There Might Not Be A Eurozone For Us To Discuss"

Nouriel's base case, then, is Argentina 2001: after all, Greece has a much higher debt-to-GDP ratio, much higher deficit-to-GDP ratio, and much higher current-account deficit than Argentina had back then. And if that's the base case, there's no way that Greek debt should be trading anywhere near its current levels. And guess what: Spain is worse than Greece, says Roubini. Ugh.