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“There are many negatives in the Eurozone, but there are also many rays of hope.” These words came out of the mouth of Nouriel Roubini, one of the world’s most renowned economists, who was invited to the conference by BIL, Banque Internationale à Luxembourg. Known as “Dr Doom” by many, he questions his notorious nickname. Nouriel Roubini anticipated the collapse of the US housing market and the worldwide recession, which started in 2008. His critical views have earned him the nickname “Dr Doom” in the media. During his press conference with Luxembourg journalists, Mr Roubini got the facts straight. “I wouldn’t define myself as a fatalist; historic and economic developments are not predetermined but do depend on policy actions being undertaken and their interaction with the private...
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