Risk of Eurozone Breakup Has Fallen, Nouriel Roubini Says

The risk of a breakup in the euro area is lower than a year ago, Nouriel Roubini, the economist who predicted the global financial crisis, said.

The likelihood of deflation and a double-dip recession in advanced economies has also fallen, Roubini, the co-founder and chairman of New York-based Roubini Global Economics LLC, said at a conference in Shanghai today.