# In an op-ed, Prof. Nouriel Roubini shares his predictions for the euro zone in 2013

1 Faculty News January 14, 2013 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://blogs.reuters.com/great-debate/2013/01/14/the-year-ahead-in-the-euro-zone-lower-risks-same-problems/) -- "The euro zone periphery recession will continue in 2013: Fiscal austerity is ongoing; the euro is still too strong; periphery banks have capital shortages and liquidity concerns, and thus are achieving required capital ratios by contracting credit and selling assets; and consumer and business confidence is still depressed given falling output and employment."

[Read more](http://blogs.reuters.com/great-debate/2013/01/14/the-year-ahead-in-the-euro-zone-lower-risks-same-problems/)