Bloomberg News

Roubini Says Greece Remaining in Euro to Depression, Instability

February 21, 2012

Feb. 21 (Bloomberg) -- New York University Professor Nouriel Roubini said Greece remaining in the euro will turn its recession into a depression and lead to social and political instability.

“I think your deluding yourself to think that the alternative is going to be to stay in the euro, stay in a depression and eventually it will lead to so much social and political stability there will be a violent reaction to it, a revolution,” Roubini said during a conference in Athens today.

To contact the editor responsible for this story: Tom Stoukas at

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