Roubini: Hungary in Difficulties

People ♦ Published: February 5, 2014; 14:02 ♦ (Vindobona)

A number of emerging countries are facing enormous problems, according to economist Nouriel Roubini. Also countries in Central, Eastern and Southeastern Europe are affected.

Roubini: Hungary in Difficulties / Picture: © Wikipedia / Connormah

Although emerging markets are under massive pressure due to a number of reasons, Roubini is optimistic that the crisis is manageable. Compared to certain Eurozone member countries, most emerging countries have better prospects to leave the crisis behind, according to Roubini. Unlike the ailing countries in the Eurozone, emerging markets have relatively low public debt quotas and still…

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