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Roubini Says Mideast Needs ‘Marshall Plan,’ Handelsblatt Says

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March 25 (Bloomberg) -- Nouriel Roubini, the economist who predicted the global financial crisis, said a new Marshall Plan-style fund should be set up for North Africa and the Middle East to stabilize regional economies, according to an article he wrote in Handelsblatt.

Roubini the fund would be stocked by money from the International Monetary Fund, the World Bank and the European Bank for Reconstruction and Development, and would prevent a “deadly combination” of weak growth and sharply accelerating inflation, Handelsblatt reported.

The Marshall Plan ran from 1947 to 1951 and used U.S. funds to rebuild Europe in the wake of World War II.

To contact the reporter on this story: Jeff Black in Frankfurt jblack25@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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