The whole world has been watching with baited breath as the financial situation in Europe has escalated to what some experts would argue is quickly entering into a point of no return. The recent €100 billion bailout of Spanish banks and continued uncertainty in Greece form the backdrop to IMF President Christine Lagarde’s recent comments that there are only months to save the euro. It seems that not even the experts know where to look for answers.
What is going to happen in Europe? And how will it affect the rest of the world? Speaker at last month’s ExpoManagement, Nouriel Roubini, is one man stepping up to the challenge of addressing this tumultuous situation. One of the world’s most admired economists, in the following two videos he presents his views on the current value of the euro and its impact on growth in the Eurozone, as well as outlining the only two scenarios left facing Eurozone leaders: to move forward or disintegrate. Don’t miss these two exclusive clips!
Trying to explain the current and future state of the global economy is no easy task. But this was the challenge set before Nouriel Roubini as he took the stage to close this year’s ExpoManagement in Madrid. Roubini became a household name as one of the few economists to have predicted the global economic crisis that hit in 2008. Known by the moniker “Dr. Doom”, his reputation is one of an untra-realist who is not afraid to say things as he sees them.
His style is direct and to the point. He doesn’t sugar coat. Instead he lays out the situation as he sees it without pulling punches. His hour long, whirlwind tour of the global economy, required his audience to hold on tight in order to keep up – the amount of ground he covered was considerable, and made one realize just how many interconnected elements there are shaping our economic future in the short, medium and long term.
His words were always going to have a special resonance to the Expomanagement audience in Spain, a country whose current economic problems are well documented and seemingly far from being resolved. But what he had to say during his hour long key note speech was fascinating to anyone with an interest in possible future scenarios for the global economy.
Read on to discover just what he had to say, including:
5 reasons why the Eurozone recession is only likely to get worse
2 future scenarios for the Eurozone
The outlook and challenges for the USA, Middle East and emerging markets