In an interview with CNN, Nobel winner Nouriel Roubini predicted that in 2012, European leaders will finally emerge from the phase of the rejection of reality and will be able to see the reason for the crisis in the eurozone. This, in his opinion, is the lack of competitiveness and hence, of economic growth. Nouriel Roubini sees two options for the eurozone – either for some of the states to leave it to devalue their currencies and become competitive, or for the eurozone as a whole to decide on the sharp devaluation of the euro so that the eurozone as a whole can restore its competitiveness.

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