# Prof. Nouriel Roubini on the effects of political uncertainty in Italy

1 Faculty News March 8, 2013 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://www.cnbc.com/id/100536403) -- "'In this time the economy will get worse given the political uncertainty, less investment, less job hiring and less consumption. There's a meaningful chance that the new \[political\] forces in Italy, whatever combination there is, these will be significantly against austerity and then we'll get a clash between Italy and Germany and the ECB,' he said."

[Read more](http://www.cnbc.com/id/100536403)