ROUBINI: Germany Won’t Bail Out Other Countries Because They Lost Their Virginity Already

“Economist Nouriel Roubini was just on Bloomberg TV discussing the unfolding euro crisis and the German reaction to all of these proposals to mutualize debt.

Roubini told Bloomberg that the Germans worry about three things:

One is about moral hazard. They say, “if we agree on these things, there’s not going to be enough effort by Italy and Spain.”

Full article