# Prof. Nouriel Roubini says the euro must depreciate

1 Faculty News March 30, 2012 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://www.cnbc.com/id/46901354) -- “The euro zone needs a real depreciation in the periphery to achieve the restoration of growth, external balance and competitiveness. ... The periphery needs to have the euro closer to parity with the US dollar.”
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Read more  ](http://www.cnbc.com/id/46901354)
Additional coverage appeared in another [CNBC](http://video.cnbc.com/gallery/?video=3000081268) piece, [Bloomberg Businessweek](http://www.businessweek.com/videos/2012-03-30/oneill-says-u-dot-s-dot-will-continue-to-surprise) and [The Washington Post](http://www.washingtonpost.com/business/oneill-says-us-will-continue-to-surprise/2012/03/30/gIQAx0KlkS_video.html).