Marshall Auerback on BNN: What’s Europe’s Next Step?

Marshall Auerback discusses the latest in Euro woes and the possibility of it spreading beyond the Eurozone.  In the first clip Marshall stresses the need for ECB intervention to calm the onset of a debt-deflation dynamic.  In the second, he follows up on the likelihood that the crisis will spread to sovereign currency nations like the US, where he explains that insolvency is not a threat.

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