{"id":536495,"date":"2010-04-21T06:01:20","date_gmt":"2010-04-21T10:01:20","guid":{"rendered":"http:\/\/www.businessinsider.com\/roubini-explains-the-simple-reason-that-aid-to-the-piigs-is-doomed-to-failure-2010-4"},"modified":"2010-04-21T06:01:20","modified_gmt":"2010-04-21T10:01:20","slug":"roubini-explains-the-simple-reason-that-aid-to-the-piigs-is-doomed-to-failure","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/536495","title":{"rendered":"Roubini Explains The Simple Reason That Aid To The PIIGS Is Doomed To Failure"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4bc4b18d7f8b9ad5035e0900-324-243\/nouriel-roubini.jpg\" border=\"0\" alt=\"Nouriel Roubini\" width=\"324\" height=\"243\" \/><\/p>\n<p>Why are markets not convinced by the endless promises of aid to Greece?<\/p>\n<p>Maybe because the aid can&#8217;t possibly work.<\/p>\n<p><a href=\"http:\/\/www.cnbc.com\/id\/36681836\">CNBC<\/a> quotes a new Roubini note which really seems to get at the crux of the issue.<\/p>\n<p style=\"padding-left: 30px;\">&#8220;These issues within the euro zone stem primarily from a loss of competitiveness, high wage growth and labor costs which outstripped productivity, undisciplined fiscal policies and, crucially, the appreciation of the euro between 2002 and 2008.&#8221;<\/p>\n<p>He goes on to note that since nothing the EU or IMF is doing actually addresses these issues, there&#8217;s really very little hope that the problem is being solved.<\/p>\n<p>That being said, the EU\/IMF can probably kick the can down the road a little bit.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/roubini-explains-the-simple-reason-that-aid-to-the-piigs-is-doomed-to-failure-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/vVEpOXyMK6c\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why are markets not convinced by the endless promises of aid to Greece? Maybe because the aid can&#8217;t possibly work. CNBC quotes a new Roubini note which really seems to get at the crux of the issue. &#8220;These issues within the euro zone stem primarily from a loss of competitiveness, high wage growth and labor [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-536495","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=536495"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/536495\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=536495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=536495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=536495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}