New York University Professor Nouriel Roubini said he’s never been more pessimistic about the future of European monetary union, saying Spain poses a looming threat to the euro region holding together.
“Down the line, not this year or two years from now, we could have a breakup of the monetary union,”
Bloomberg
Japan’s economy grew by 1.2 percent in the third quarter as the world’s second largest economy expanded at a faster rate than expected. Government stimulus spending was credited with boosting consumer spending and most economists suggest even though future growth is expected to be lower than the Q3 results, most experts believe there is little chance that Japan’s economy could return to recession.
BBC News
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