Looking back, the arguments presented by Roubini five years back are not extradordinary and can well be developed by honest economic academics who took skeptical views about the European Monetary Union. Sigh...
http://www.economonitor.com/nouriel/2011/11/08/from-the-archives-jan-28-06-italy%E2%80%99s-tremonti%E2%80%99s-temper-tantrums-on-emu-in-davos%E2%80%A6a-sad-embarrassing-episode-for-italy%E2%80%A6/
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