Roubini: Europe Dissolves if No German Backstop – Bloomberg 06-27-12

Salient Ponts:

Professor Nouriel Roubini at NYU said at some point Germany has to decide if it takes the credit risk to backstop Spanish and Italian debt in exchange for some loss of natural fiscal sovereignty by Italy and Spain, giving the Eurozone  a chance to survive, or otherwise Europe dissolves in the next few months.

Watch the video at http://www.bloomberg.com/video/roubini-europe-dissolves-if-no-german-backstop-shi4Ea0LQYGKXxStHN0cPQ.html