The head of the European Central Bank (ECB), Christine Lagarde, said that the US authorities cannot allow the country to default because it would have serious negative consequences for the entire international community. TASS.
“I can’t believe they would allow such a serious, serious disaster as the default of US debt obligations. This is impossible. I can’t believe this could happen,” he stressed.
Lagarde added that if default is to be avoided, it will resonate around the world. According to him, this issue is political in the United States. He also reminded of the existence of such situations where the highest interests of the state must prevail.
Professor Nouriel Roubini, who previously predicted the 2008 crisis estimated recession in the USA. The problem, he says, is with regional small banks that offer mortgages and business loans. Against the background of the collapse of the Silicon Valley Bank, these banks will complicate the lending process, so the crisis will begin. Roubini has repeatedly made various predictions of an economic nature – he predicted that the market will crash at least five times in the last six months.
Source: Gazeta
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