Nouriel Roubini, an American economist and a Nobel Prize winner in economics, became world-famous after forecasting the latest global economic crisis. His opinion is respected around the world. In his recent article published in The Financial Times Mr. Roubini says the eurozone may collapse.

Actually, this is not the first time Roubini warned the world of the forthcoming fate of the eurozone and its common currency. The American economist assumes that the current political and economic situation in Italy confirms his expectations. According to him, Italy will most likely have to return to the Italian Lira - its previous national currency - in order to curb the escalating debt crisis. Once Italy leaves the currency union, it will most likely result in a collapse of the entire eurozone   More read...