Edward Harrison writes January 20 at CreditWritedown.com:

Nouriel Roubini and Ian Bremmer spoke to Bloomberg Television’s Margaret Brennan about the state of the global economy. Roubini said that the "probability of a recession in the United States is lower than 60 percent right now." On Europe, he said that even if an agreement is reached on Greece, "there are going to be so many holdouts that then they’ll have a problem" and "either way you’re going to get a credit event."

This is my take as well. In Europe, the concern has to be more Italy and Spain and whether the periphery can meet deficit targets given the poor economic outlook in the euro zone.

Read more about Bloomberg TV's interview with Roubini here:

http://www.creditwritedowns.com/2012/01/roubini-greece-credit-event.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+creditwritedowns+%28Credit+Writedowns%29