Italy, Spain to Lose Market Access, Roubini Tells Handelsblatt

Italy and Spain will lose access to capital markets in three to six months as European leaders struggle to stamp out the debt crisis, New York University professor Nouriel Roubini was quoted as saying by Handelsblatt.

Roubini was asked how much time the euro has left, according to an interview published in the German newspaper today. While last week’s European Union summit bought time for the 17-country euro area, the relief will be short-lived, he was quoted as saying.