More Roubini: Gradual 20% euro decline could help competitiveness

  • ECB could be more aggressive, do more QE
  • Current approach to Euro zone crisis has not worked
  • Core Europe should carry out fiscal stimulus
  • Banking union, more integration needed
  • Exit of Spain and Italy would end common currency

Sound like JM Keynes has been reincarnated in Nouriel Roubini…

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