# Prof. Nouriel Roubini on Europe's fiscal situation

1 Faculty News June 26, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg TV](http://www.bloomberg.com/video/roubini-europe-dissolves-if-no-german-backstop-shi4Ea0LQYGKXxStHN0cPQ.html) -- "At some point the Germans are going to decide, do I take the credit risk of backstopping Italian and Spanish debt in exchange for some loss of national fiscal sovereignty by Italy and Spain in which case the Eurozone has a chance to survive or otherwise this thing may be dissolved in the next few months."

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

Additional coverage appeared on [Bloomberg TV](http://www.bloomberg.com/video/roubini-we-are-heading-for-a-global-perfect-storm-fPAXkJVOTpaqlgZm38eMHg.html) and [Forbes](http://www.forbes.com/sites/afontevecchia/2012/06/15/whats-at-stake-in-sundays-greek-election/).