Roubini: EU To Break Up Once Contagion Hits Italy And Spain - Forbes

Political uncertainty continues to rise in Europe as Greek politicians fail to build a government and more EU leaders, including German Finance Minister Wolfgang Schaeuble, raise the possibility of an exit from the monetary union.  Another Euro bear was economist Nouriel Roubini, who expects Greece to leave the EU in 2013, sparking contagion and the possible fall of the Union if Spain and Italy are hit too hard.  Spain, said Roubini, will lose market access by the end of this year.  Still, the economist admitted to having 35% of his money in U.S. equities on a can-kicking earnings recovery.