May 15, 2012

If Contagion Reaches Spain And Italy, The Eurozone Will Breakup

If a small group of countries, Greece, Cyprus, Portugal, restructure and exit, the Eurozone survives. But if down the line the problems of debt, growth and sustainability spread to Spain and Italy, they lose market access, the bailout doesn’t work, they have to restructure the debt and eventually they might have to exit, that would be a breakup of the Eurozone. - in Forbes 

Related: IShares Italy (EWI), Ishares Spain (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.