Roubini: Euro overvalued by more than 20%

  • Euro region recession getting worse
  • US political system ‘dysfunctional’
  • US fiscal situation ‘unsustainable’
  • ECB monetary policy still too tight

Dr Doom speaking in Milan.

He’s said most, if not all, of the above before, so nothing earth-shattering.

EUR/USD little easier as comments hit Bloomberg, presently at 1.2836.

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