Nouriel Roubini interview: Fixing the Eurozone will be 'mission impossible'
In an interview with Credit, economist Nouriel Roubini talks about the danger that sub-par US and European growth becomes entrenched, and offers his views on whether Ireland and other peripheral Eurozone countries will be able to solve their debt woes
In a speech delivered at the International Monetary Fund’s Washington DC headquarters in September 2006, Nouriel Roubini argued the US was due an economic crisis of historic proportions. He foresaw mortgages, and by extension mortgage-backed securities, as lying at the centre of a crisis that would stall the global financial system. Dismissed as a doom-monger by many at the time, he was hailed as a prophet when the subprime market blew up spectacularly the following year.
Roubini is professor of
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