"A little more than a year ago, in the summer of 2012, the eurozone,
faced with growing fears of a Greek exit and unsustainably high
borrowing costs for Italy and Spain, appeared to be on the brink of
collapse. Today, the risk that the monetary union could disintegrate has
diminished significantly – but the factors that led to it remain
largely unaddressed." - in The Guardian
Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics