Thursday, September 16, 2010

Nouriel Roubini’s Reality Check

All the factors that will lead to a slowdown of growth in most advanced economies in the second half of 2010 and 2011 are at work in Germany and the rest of the eurozone writes Roubini in “The Eurozone’s Autumn Hangover” .

The punch line:

“… my best-case scenario is that the eurozone somehow muddles through in the next few years; at worst (and with a probability of more than one-third), the eurozone will break up, owing to a combination of sovereign debt restructurings and exits by some weaker economies.”

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