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Prof. Nouriel Roubini on the fiscal compact in the eurozone

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Excerpt from Bloomberg -- "'Next year we are also going to have austerity in the core of the euro area because the newly agreed fiscal compact says that even Germany, Netherlands, Belgium, Finland and Austria have to cut their deficits,' Roubini told reporters at a conference today in Berlin organized by IG Metall, Germany’s biggest trade union."

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