Roubini: Greek crisis is the tip of an iceberg

interview with BBC radio broadcast 18 May 2010

NYU Stern school Professor Nouriel Roubini, who has earned the nickname Dr doom after accurately predicting the credit crunch, discusses with BBC radio broadcast whether Europe will ever recover from its economic crisis. "The crisis is not over," NYU economics professor Nouriel Roubini said in an interview with BBC radio broadcast last week. "What we're facing right now in the Eurozone is a second stage of a typical financial crisis."
"There's a question mark whether we can be confident the government is going to be strong enough to do the fiscal austerity," Roubini said.
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