Roubini Has a Solution to Stave off Italy’s Impending Doom: "Even leveraged, the EFSF, he believes does not have enough firepower. And the EFSF special purpose vehicle, Roubini says, is akin to a “giant sub-prime CDO” (collateralalized debt obligation) and the Bundesbank’s veto of it was entirely valid. Moreover, the International Monetary Fund also doesn’t have the ability to save Italy."
'via Blog this'
