Roubini : 50% Chance of Recession in U.S., Eurozone, U.K.

Nouriel Roubini : There is a 50 percent chance of a recession in the U.S., the U.K. and eurozone economies in the next 12 months
Europe’s “financial engineering” is insufficient to end its sovereign-debt crisis,
Contagion from the debt crisis has spread to some French and Belgian banks,
Unfortunately, in my view there is a risk, at least a 50 percent probability, that in the U.S., in the eurozone, in the United Kingdom, and in most advanced economies, the future in the next 12 months might suggest a recession, a downturn, rather than reacceleration of growth, Roubini said in a speech in Jakarta today - in www.businessweek.com