Roubini sees market caught in low growth trap in long term

Arnab Das, managing director of market research and strategy, Roubini Global Economics joins CNBC-TV18 to discuss issues ailing the European market. He says that there is a problem of excess debt in case of Greece and Ireland. A temporary reprieve is expected in the short-term, but future still looks shaky, he says. The European market is likely to remain in a low growth trap for a while, with high risk and brief periods of risk aversion, he says.