EconoMonitor

Nouriel Roubini's Global EconoMonitor

Roubini Topic Archive: Eurozone

  • Autumn’s Known Unknowns

    During the height of the Iraq war, then-U.S. Secretary of Defense Donald Rumsfeld spoke of “known unknowns” – foreseeable risks whose realization is uncertain. Today, the global economy is facing many known unknowns, most of which stem from policy uncertainty. In the United States, three sources of policy uncertainty will come to a head this […]

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  • The Global Economy on the Fly

    In the last four weeks, I have traveled to Sofia, Kuala Lumpur, Dubai, London, Milan, Frankfurt, Berlin, Paris, Beijing, Tokyo, Istanbul, and throughout the United States. As a result, the myriad challenges facing the global economy were never far away.   In Europe, the tail risk of a eurozone break-up and a loss of market […]

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  • Nouriel at Davos: Global Tail Risks Remain

    Speaking with CNN’s Poppy Harlow at Davos, RGE Chairman Nouriel Roubini reiterated the biggest outlying risks to the global economy: U.S. fiscal woes, the eurozone sovereign debt crisis, a potential China hard landing, and geopolitical risk in the Middle East. Nouriel argued that the worst scenario need to materialize for a meaningful impact on global […]

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  • The Year Ahead in the Eurozone: Lower Risks, Same Problems

    Financial conditions in the eurozone have significantly improved since the summer, when eurozone risks peaked because of German policymakers’ open consideration of a Greek exit, and the sovereign spreads of Italy and Spain reached new heights. The day before European Central Bank President Mario Draghi’s famous speech in London in which he announced that the […]

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  • Nouriel: Politics Will Define 2013

    Speaking with Christine Freeland of the New York Times, Nouriel Roubini described the shift from a market focus on risk in 2012 to a worldwide recognition that political action—European elections, partisan U.S. fiscal battles, Middle East unrest, Chinese and Japanese political transitions—will shape the economic and financial landscape in 2013, contingent on unconventional policy responses […]

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  • Nouriel Explains More Positive Outlook on Greece to WSJ

    The recent Greek debt buyback announcement and apparent softening of German rhetoric on the troubled eurozone (EZ) member-state represents a short-term boost to morale, Nouriel Roubini told the Wall Street Journal recently, but does not change fundamental flaws in the structure of the EZ, and within Greece’s economic model. Roubini had previously held that Greece […]

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  • The Year of Betting Conservatively

    The upswing in global equity markets that started in July is now running out of steam, which comes as no surprise: with no significant improvement in growth prospects in either the advanced or major emerging economies, the rally always seemed to lack legs. If anything, the correction might have come sooner, given disappointing macroeconomic data […]

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  • Fiddling at the Fire

    Financial markets have rallied since July on the hope that the global economic and geopolitical outlook will not worsen, or, if it does, that central banks stand ready to backstop economies and markets with additional rounds of liquidity provision and quantitative easing. So, not only has good – or better-than-expected – economic news boosted the […]

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  • Nouriel on Draghi’s Plan: It Could Weaken EUR in Longer Run

    Nouriel speaks on Bloomberg about Mario Draghi’s bond-buying plan, the future of the euro and the Fed’s plans this week and ahead of the election. Roubini: Here’s My Blueprint for the Future

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  • Early Retirement for the Eurozone?

    Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse. Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery […]

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