Skip to content
Subscriber Only
Business
Economics

Roubini Says Europe Needs 2 Trillion-Euro ‘Bazooka’ Soon

Europe must raise the amount of funds it has earmarked to arrest its fiscal crisis and deploy a 2 trillion-euro ($2.7 trillion) “bazooka” before time runs out, said Nouriel Roubini, chairman of Roubini Global Economics LLC.

“I’m very concerned of things getting out of control,” Roubini said in an interview at Bloomberg’s Dubai office yesterday. “You need a huge bazooka of at least 2 trillion euros, but you can’t wait three months. You have to do it in the next few weeks.”