Nov 16, 2011

Spain Is As Much Of A Disaster As Italy

Well right now, the worries in the market are about Italy, but Spain is as much of a disaster as Italy. There debt as a share of GDP is lower, but their deficit is higher. Unemployment, 20 percent including young people, 40 percent. - in a recent interview, Moscow

Related ETfs, iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP)

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.