Father Of The Euro: "Italy Is Next After Cyprus"
Mar 27, 2013 at 2:36 AM
DailyBail in Bank Bailouts, Bloomberg, ECB, Euro Crisis, Europe, banks, cyprus, cyprus bailout, eu, euro, euro crisis, euro currency, europe, greece, italy, video

"Cyprus is too small to fail.  Look out for contagion."

Solid 2 minute clip.

March 25 (Bloomberg) -- Columbia University Professor Dr. Robert Mundell discusses the banking crisis in Cyprus.  His comments on Italy are not shown in this clip (I found them in a much longer 22-minute version of this interview) but are highlighted by Sara Eisen, as Mundell's greatest fear.

Wikipedia on Robert Mundell...

Savings accounts in Spain, Italy and other European countries will be raided if needed to preserve Europe's single currency by propping up failing banks, a senior eurozone official has announced.

Read more here...

 

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Sara Eisen bonus clip:

Start watching at the 1-minute mark.

Sara Eisen caught making embarrassing wardrobe adjustment on camera

 

 

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