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whats on nouriels mind

Belated White Knight: ECB Policy Options for the EZ Recession and Credit Crunch

By Nouriel Roubini and Brunello Rosa

Recent meetings with members of the ECB’s Governing Council have provided us with new insights on and understanding of the options and likely policy actions that the ECB could undertake to address the ongoing eurozone (EZ) recession, the credit crunch in the EZ periphery and the relative strength of the euro in a world where other major central banks are involved in aggressive monetary/quantitative easing.

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