Thursday, January 15, 2015

9 Ways the Eurozone is More Fragile than the US

By Nouriel Roubini

I may be best known for predicting the global financial crisis and the housing bust of 2008 — but I made another key economic prediction when I warned of major structural risks threatening the Eurozone in 2006.
My remarks proved as prophetic as I'd feared. The crisis I predicted then is still casting shockwaves through the world economy, and may do so for generations to come.
At the World Economic Forum in Davos, Switzerland that year, I said that imbalances in the Eurozone would come to a climax — which might lead to a disaster in Europe within 5 years.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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