Wednesday, February 10, 2010

Roubini: Greece Aid Is Step in Right Direction

http://www.cnbc.com/id/35318271

European officials' consideration to assist Greece is a "step in the right direction," but a loan from the International Monetary Fund would be more beneficial in the long run, economist Nouriel Roubini told Reuters Insider television on Tuesday.

"IMF lending is based on conditionality of achieving certain fiscal and structural goals. In the case of loan guarantees, it's very hard to make those loan guarantees conditional...you either give them—or don't give them."

No comments:

Post a Comment