Nouriel Roubini

Greece will default on its debt and leave the eurozone by the end of 2013.

“it is clear that either this year or next, Greece is highly likely to default on its debt and exit the euro zone.”

Said on

17 May 2012 · Project Syndicate column "Greece Must Exit", May 2012, excerpted by NYU Stern

Source

In an op-ed, Prof. Nouriel Roubini says Greece must exit the euro zone · NYU Stern / Project Syndicate

Should come true

2013

How sure they sounded

it is clear ... highly likely

Categories

EconomyPolitics

Importance

4 of 5 · A Greek exit would have been the first break-up of the euro, with global financial consequences.

Outcome

Inaccurate

Greece did not leave the eurozone in 2012 or 2013 and still uses the euro. It did go through further debt restructuring (a December 2012 bond buyback that S&P briefly rated selective default), but the forecast's core claim of an exit did not happen.

Evidence:

• https://en.wikipedia.org/wiki/Greek_government-debt_crisis
• https://european-union.europa.eu/institutions-law-budget/euro/countries-using-euro_en