Friday, January 11, 2013

Nouriel Roubini warns of further trouble ahead

“Unfortunately, the eurozone crisis is likely to remain with us for years to come, sustaining the likelihood of coercive debt restructurings and eurozone exits,” Nouriel Roubini, a professor at NYU’s Stern School of Business wrote in his article for Project Syndicate in December. “The fundamental crisis of the eurozone has not been resolved, and another year of muddling through could revive these risks in a more virulent form in 2014 and beyond,” Roubini said, citing ‘Grexit’ and probable massive loss of market access in Italy and Spain.
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