Roubini is no longer viewing a black swan in the EZ.

Roubini est finalement moins pessimiste sur l'EZ.
"But politics in the eurozone does not permit consideration of an early breakup. Germany and the ECB are relying on large-scale liquidity to buy time to allow the adjustments necessary to restore growth and debt sustainability. And, despite the huge risk implied if a breakup eventually occurs, this remains the strategy to which most of the players in the eurozone are committed. Only time will tell whether betting the house to save the garage was the right move."
http://www.project-syndicate.org/commentary/early-retirement-for-the-eurozone-by-nouriel-roubini