Abet Chichi2

[*~1Best~*]

This article is illogical unless the tax cut is only for lower income rather than high income over 200K for Rich does not spend money just because they have tax cut. Economists like him drove the nations around the globe to bankruptcies.

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Roubini Tells Europe to Stop 'the Savings Madness'
Published: Tuesday, 12 Jun 2012 | 7:44 AM ET
By: Lisa Rowland and Antonia Oprita

Governments in Europe should lower taxes and increase salaries to boost growth rather than insisting on austerity and continued saving, famous economist Nouriel Roubini told a German newspaper in an interview on Tuesday.

Nouriel Roubini, professor of economics and international business at New York University, said Germany should shift focus away from savings.

Roubini also said the German government should give its citizens incentives to go on holiday in countries in the south of Europe that were affected by the debt crisis to help those states recover.
http://www.cnbc.com/id/47778019