You need an EFSF that is 4 times as large as the 440 (billion euros) to make sure that a bad equilibrium and a self fulfilling run on Italy and Spain doesn't occur," he said. "There's no plan for that, because politically even the first EFSF has not yet been approved, let alone to triple it or quadruple it. - in CNBC
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.
