Eurozone breakup shock larger than Lehman

nouriel roubini...

The Eurozone eventual breakup shock could be larger than the fall of Lehman in 2008

In my view, there's a significant probability, more than 50 per cent, that over the next 12 months there's going to be another recession in most advanced economies," "Whether you call it a double dip recession, a continuation of the first recession or a second recession doesn't matter, it's semantic.

In a situation where it becomes disorderly, with defaults by a number of countries and a resulting exit of a number of states from the eurozone and its eventual break-up, the shock that could occur ... could be as large, if not larger, than the fall of Lehman in 2008.

i've made a habit of listening to roubini...

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