“It is quite likely that Portugal” will be next in line for a financial assistance, Roubini said today in Prague at a conference of chief executive officers sponsored by ING Groep NV. “The big elephant in the room is not Portugal but, of course, it’s Spain. There is not enough official money to bailout Spain if trouble occurs.” [Bloomberg]
Nouriel Roubini's 10-Person Roof Deck Hot Tub Is Back In Business
Everybody breathe easy.