New York University Professor Nouriel Roubini said June 4 that an orderly restructuring of Greeceâs public debt in the next 12 months may be necessary to avoid âmassive lossesâ for the financial system. Orderly Plan He recommended stretching the maturities of the countryâs debt by five to 10 years, capping the interest rate at a below- market level and maintaining the face value of the bonds at par to limit writedowns for banks. Further declines in the euro would also help sustain Europeâs economies, he said. Roubini, who predicted the global financial crisis, also remained gloomy on equity markets heading into a rally that lifted the Standard & Poorâs 500 Index by 80 percent last year. http://www.bloomberg.com/apps/news?pid=20601087&sid=avhINInuvuzE&pos=3 Roubini might be right on orderly Greece restructring, but plain wrong about equity markets...