# Prof. Nouriel Roubini on the European economy

1 Faculty News April 24, 2012 ![BBC News logo](/sites/default/files/styles/246w/public/assets/images/con_030504.jpg?itok=xD3gBRnr)>

Excerpt from [BBC](http://www.bbc.co.uk/news/business-17828278) -- " ... as the recession deepens, resulting in even wider fiscal deficits, another round of austerity will be needed. And now, thanks to the fiscal compact, even the euro zone's core will be forced into front-loaded recessionary austerity."

[Read more](http://www.bbc.co.uk/news/business-17828278)

Additional coverage appeared in [CNBC](http://www.cnbc.com/id/47168723) and [TIME](http://globalspin.blogs.time.com/2012/04/25/voters-and-markets-in-europe-calling-for-change-in-failed-austerity-cures-to-euro-crisis/?xid=gonewsedit).