Roubini: 3 Out Of The 4 PIGS Will Get Creamed

Nouriel Roubini, speaking to la Repubblica, explained that Portugal and Spain are most at risk of Greek crisis contagion.

Italy is actually ‘at a reasonable distance’ from the problem.

Still, “You have to be careful to not stop here [for Italy]… There are still serious problems like public debt and lack of competitiveness.

Perhaps there’s at least one contrarian play in the PIGS.

Don’t miss: Everything you need to know about the Spanish debt crisis >

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