Saturday, January 28, 2012

Roubini : Greece to exit the Eurozone this Year

Nouriel Roubini : “The euro zone is a slow-motion train wreck,”
“Not only Greece, other countries as well are insolvent.” Nouriel Roubini said he sees a severe recession in Europe and a 50 percent probability “that over the next three to five years the euro zone will break up.” “Not all the members are able to stay,” . “Greece and maybe Portugal may exit the euro zone --Greece within the next 12 months. Portugal may take a while longer.” Roubini said in a panel discussion in Davos, Switzerland today. - via Bloomberg
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