# Prof. Nouriel Roubini compares the euro zone countries to Japan

1 Faculty News April 2, 2012 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/161839c0-7cd2-11e1-a676-00144feab49a.html#axzz1qzjo0Noz) -- "'Japan had a Great Recession, and a Great Stagnation, but it never had a Great Depression,' \[[Roubini](http://www.stern.nyu.edu/faculty/bio/nouriel-roubini)\] says. 'But recession in some euro zone countries could become a depression, just like the 1930s.'"

[Read more](http://www.ft.com/intl/cms/s/0/161839c0-7cd2-11e1-a676-00144feab49a.html#axzz1qzjo0Noz)