Wednesday, February 1, 2012

Roubini : Greece will exit the EU in 1 year & break-up risk 50% in 3-5 years

Nouriel Roubini : “The eurozone is a slow-motion train wreck,”
“Countries – and not just Greece – are insolvent. I think Greece will leave the eurozone in the next 12 months, and Portugal after.”
“There is a 50pc chance that the eurozone will break up in the next three to five years. This doesn’t look like a G20 world it looks like a G-Zero world because there is no agreement on global imbalances, how to change the international monetary system, international trade, banking regulation, on all the fundamental issues.”
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