Nouriel Roubini : if Spain Goes Under it is a disaster

Greece is only a Eurozone problem , Spain is a global problem explains Nouriel Roubini

"If Greece goes under, that's a problem for the eurozone. If Spain goes under, it's a disaster," Nouriel Roubini, economics professor at the Stern School of Business at New York University, said at the World Economic Forum in Davos, Switzerland last month.
The Spanish economy, the fifth largest in Europe, has been mired in recession since the end of 2008 as the global financial crisis hastened a correction that was already underway in its once-buoyant property sector.