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Analysis

Will Europe's PIGS Learn to Fly?

By Nouriel Roubini and Arnab Das

EXECUTIVE SUMMARY

The extent of the fiscal pressures facing Greece, and the inherent inability of the EU/ECB to handle such crises with the deliberation and conditionality required, suggest the need for IMF involvement if the EU is to avoid a larger, more devastating round of contagion across the weaker tier…

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