Article about Nouriel Roubini's response to the stress test results:
European stress tests assumed a rise of 6 percent in unemployment, economic contraction of 3 percent on average and a 6 percent hike in market interest rates. Many analysts said the conditions were harsher than what they had anticipated.
"The assumptions made about economic growth, about sovereign risk are not realistic enough," said Roubini.
Other notable remarks:
"It's been like a beauty contest where the issue is not who's the prettiest, but who's the least ugly," he said about the oscillations in the euro's exchange rate against the dollar.
"I think the surprises are going to be on the negative side (in the US)," Roubini said.
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