A Greek default could trigger a global economic shock on the scale of that suffered after Lehman Brother Holdings Inc.’s 2008 failure, said Nouriel Roubini, chairman and co-founder of Roubini Global Economics LLC.
China’s efforts to prop up economic growth won’t help it escape the hard landing that will probably arrive in 2013 or 2014, said Nouriel Roubini, chairman and co- founder of Roubini Global Economics LLC.
The Obama administration’s latest economic proposals for infrastructure spending and tax relief for businesses won’t make a difference to the U.S. economy, said New York University Professor Nouriel Roubini .
Europe must raise the amount of funds it has earmarked to arrest its fiscal crisis and deploy a 2 trillion-euro ($2.7 trillion) “bazooka” before time runs out, said Nouriel Roubini, chairman of Roubini Global Economics LLC.
The gradual weakening of the euro toward parity with the dollar over the next year may save the monetary union by helping countries such as Greece, Italy and Spain regain competitiveness, said Nouriel Roubini , the New York University economist who predicted the financial crisis.