At this point, a eurozone recession is certain. While its depth and length cannot be predicted, a continued credit crunch, sovereign-debt problems, lack of competitiveness, and fiscal austerity imply a serious downturn.
(Source: Project Syndicate)
Related ETFs, iShares MSCI Italy Index ETF (EWI), iShares MSCI Spain Index ETF (EWP), iShares MSCI Germany Index Fund ETF (EWG)
Nouriel Roubini is an American economist. He teaches at New York University's Stern School of Business and is the chairman of Roubini Global Economics.