Nouriel Roubini says Spain will leave Euro

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This topic contains 6 replies, has 7 voices, and was last updated by Profile photo of Chopera Chopera 4 years, 4 months ago.

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  • #56942
    Profile photo of Anonymous
    Anonymous
    Participant

    The respected economist Nouriel Roubini says that Spain will leave the Euro in three to four years time:

    Nouriel Roubini, Euro-Zone Break Up

  • #111073
    Profile photo of GarySFBCN
    GarySFBCN
    Participant

    The respected economist Nouriel Roubini says that Spain will leave the Euro in three to four years time

    Maybe English is not your first language. Roubini said that Spain COULD leave the euro in thee to four years. COULD. COULD. COULD.

  • #111078
    Profile photo of Anonymous
    Anonymous
    Participant

    There could be no euro to leave in 3 to 4 years who knows

  • #111083
    Profile photo of katy
    katy
    Spectator

    That was my first thought too 😕

  • #111088
    Profile photo of Anonymous
    Anonymous
    Participant

    The Germans may decide its not worth paying the bills. The problem in Spain is the property market and unemployment. First they need to clean up the conveyancing system. Second they need to remove Inheritance tax from cheaper properties and CGT on modest gains altogether. They need to encourage buyers not frighten them away! they don’t If they don’t do this they are in a black hole because many people will not buy in Spain at any price. Italy is something different – a big difference is the absence of the confiscatory Inheritance Tax

  • #111090
    Profile photo of peterhun
    peterhun
    Participant

    I think a far more effective method (than encouraging new buyers) is to tax the hell out of those owners already there.

    Far easier.

  • #111091
    Profile photo of Chopera
    Chopera
    Participant

    @Ptr wrote:

    The Germans may decide its not worth paying the bills. The problem in Spain is the property market and unemployment. First they need to clean up the conveyancing system. Second they need to remove Inheritance tax from cheaper properties and CGT on modest gains altogether. They need to encourage buyers not frighten them away! they don’t If they don’t do this they are in a black hole because many people will not buy in Spain at any price. Italy is something different – a big difference is the absence of the confiscatory Inheritance Tax

    The problem with Spain is that the economy has been too dependent on the property market. The solution is to do nothing: let it find the correct level so buyers will start buying again, and in the mean time encourage other industries instead.

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