Euribor 3-month rate falls but still elevated; Super-bears of bubble Roubini and Roach call for decisive action on financial crisis
Oct 10th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Euribor, the Euro Inter-bank offered rate, for 3-month lending between banks in the Eurozone, fell slightly today but remains at an elevated level signalling continued stress in the credit markets. Meanwhile the renowned super-bears of the bubble, Nouriel Roubini and Stephen Roach have called for decisive action to confront the financial crisis.