Roubini: Greece Is Bankrupt

Are we concentrating too much on sovereign debt concerns? Not according to Noriel Roubini, who can still live up to his pessimistic reputation.

“Greece is bankrupt,” Roubini told CNBC.com at WEF. “Look, they have to ask China to help them out.”

Greece is trying to get trying to entice China to buy 25 billion euros ($35 billion) in bonds, according to published reports Wednesday.

If the situation becomes dire enough the European Union will be forced to help bail Greece out because it’s such a threat to the monetary union, he said.