http://carczarconsulting.com The Secrets of Profitable Automotive Retail Fri, 03 Feb 2012 21:12:08 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://carczarconsulting.com/11/19/roubinis-latest-european-nightmare-scenario-prediction-here/ http://carczarconsulting.com/11/19/roubinis-latest-european-nightmare-scenario-prediction-here/#comments Fri, 19 Nov 2010 22:59:24 +0000 Car Czar Consulting http://carczarconsulting.com/?p=9434 Car Czar Consulting says: Per CNBC, 11/18/10, “…Roubini says, “The next one in line is going to be Portugal. “Due to the severity of Portuguese debt problems, Portugal is going to lose market access—and that means they are going to require IMF support as well. But the real nightmare domino is Spain. Roubini refers to the Spanish debt problems as “the elephant in the room”. “You can try to ring fence Spain. And you can essentially try to provide financing officially to Ireland, Portugal, and Greece for three years. Leave them out of the market. Maybe restructure their debt down the line.” “But if Spain falls off the cliff, there is not enough official money in this envelope of European resources to bail out Spain. Spain is too big to fail on one side—and also too big to be bailed out.” Buzz This Post Post to Delicious Digg This Post]]> http://carczarconsulting.com/11/19/roubinis-latest-european-nightmare-scenario-prediction-here/feed/ 0