Without necessary reforms, eventually this vicious circle of stagdeflation would force Italy to exit EMU, return to the Lira and default on its Euro debts.

FORBES: Friedman and Roubini on the Euro Breakup

He is already a member of Tung's inner circle and chief of his housing task force.

CNN: THE NEW ELITE

This, he predicts, will lead to a virtuous circle that will force governments too to be more open, because of pressure from business.

ECONOMIST: Central America