# In an op-ed, Prof. Nouriel Roubini examines economic opportunities and obstacles in the euro zone

1 Faculty News March 31, 2015 ![Project Syndicate logo](/sites/default/files/styles/246w/public/assets/images/con_030500.jpg?itok=ONV7lJ6H)>

Excerpt from [Project Syndicate](http://www.project-syndicate.org/commentary/eurozone-fragile-recovery-by-nouriel-roubini-2015-03) -- "Indeed, as the euro weakens, the periphery countries’ external accounts have swung from deficit to balance and, increasingly, to surplus. Germany and the eurozone core were already running large surpluses; in the absence of policies to boost domestic demand, those surpluses have simply risen further. Thus, the ECB’s monetary policy will take on an increasingly beggar-thy-neighbor cast, leading to trade and currency tensions with the United States and other trade partners."

[Read more](http://www.project-syndicate.org/commentary/eurozone-fragile-recovery-by-nouriel-roubini-2015-03)

Additional coverage appeared on [MarketWatch](http://www.marketwatch.com/story/signs-of-life-in-the-eurozone-2015-04-01).