U.S. economist Roubini warns about "inevitable catastrophe"

"There are problems of growth, of debt, of liquidity, of solvency - what does gold have to do with it?", asks American economist Nouriel Roubini. He is convinced that gold is not fundamental for the international financial system.

"I see a slow motion train wreck rather than a heart attack and break up", U.S. economist Nouriel Roubini answeres, when asked about the possibility of the Euro zone falling apart. Greece is not the only country with huge public debt problems - there are several more who need debt restructuring as well. Nevertheless, the debt crisis isn't Europe's biggest problem: According to Roubini, it is much more important to get economic growth going again. "We need less austerity and more economic growth!", say the star economist to DAF's Andreas Scholz at the World Economic Forum in Davos, Switzerland. Watch the following interview and learn about Roubini's predictions for the global finance- and stock markets for 2012.

Looking for the German version of the interview? Click here.

Redakteur: Andreas Scholz