Roubini : Euro Stress Tests not stressful enough

Roubini : The strength of the Euro is more like the weakness of the Dollar

"The assumptions made about economic growth, about sovereign risk were not realistic enough in my view especially on sovereign risk" said. Nouriel Roubini,most of the sovereign risk was held in maturity books and the tests did not allow for a default Roubini explains and there is a question on how you measure also things that have not been market down like toxic assets ...the strength of the Euro is more likely the weakness of the dollar , until a month ago the dollar looked like less ugly than the Euro due to the problems in the Eurozone stress test sovereign default risk risk of a double dip risk of the break-up of the monetary union , last month the month the numbers have come out worse for the United States in terms of macroeconomic data ....