Tuesday, November 1, 2011

The Eurozopne eventual Breakup shock could be larger than the fall of Lehman in 2008

"In my view, there's a significant probability, more than 50 per cent, that over the next 12 months there's going to be another recession in most advanced economies," "Whether you call it a double dip recession, a continuation of the first recession or a second recession doesn't matter, it's semantic."

"In a situation where it becomes disorderly, with defaults by a number of countries and a resulting exit of a number of states from the eurozone and its eventual break-up, the shock that could occur ... could be as large, if not larger, than the fall of Lehman in 2008,"

Nouriel Roubini told a Commonwealth business forum in Perth. - in ET NOW

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