03/22/2010 05:12 am ET Updated May 25, 2011

Nouriel Roubini: 'Risky Rich' Countries Are In Greater Danger Of Defaulting On Debt large part and with a few exceptions in Central and Eastern Europe -- emerging-market economies improved their fiscal performance by reducing overall deficits, running large primary surpluses, lowering their stock of public debt-to-GDP ratios, and reducing the currency and maturity mismatches in their public debt. As a result, sovereign risk today is a greater problem in advanced economies than in most emerging-market economies.

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