Dec 28, 2011

An Eurozone Recession Is Certain (Depth And Length Cannot Be Predicted)

'At this point, an eurozone recession is certain (...) while its depth and length cannot be predicted, a continued credit crunch, sovereign debt problems, lack of competitiveness, and fiscal austerity imply a severe downturn.' - excerpt from Roubini`s outlook for next year titled Fragile and unbalanced in 2012

Related, iShares MSCI Germany Index Fund ETF (EWG), 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.