The fate of the EU and its impact on the U.S.

The Euro zone is still trying to dig itself out of its financial mess and prevent more countries, like Spain and Italy, from sinking into a black hole. At a panel discussion called, The Finance Crisis: Lessons Learned from Canada and the Way Forward, at the Canadian Embassy in Washington, D.C., Robert Rubin, former U.S. Secretary of the Treasury, sat down with Chrystia Freeland and told her how he thinks the EU crisis could end and what impact it could have on the U.S.

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— — — — Why it’s. You or you on the likelihood. That. The negative way to put the question okay. Lucrative it is it is enormously complicated. Ask him certain. A lot of people a lot of news in my view my in my view and simple. — form. If that policy — in Europe but behind the curve from day one. And there are rigid notions seem to — — that it was so universal recognition — was almost truly insolvent. But they would try to buy a couple years. More benign environment. To me that seems. Really don’t like it worked because — markets — — is trying to buy time inquiry could be running ahead of you. And I think it has policy makers ever since. — moment. For one — in my view it that I think that the real structural changes that. Substantively probably would be and become quite a way beyond political ability of your to do right now and therefore I think. The most likely alternative to Havoc and chaos. It is well if you — to disasters. Differences. Is is sort of a muddling through scenario. And it involved ECB and you assess and involve finding the right down the disparity in growth in some countries are going to be possible to do is certainly involved — — in the banks and I think. Cap — and probably greater — those yet acknowledge. Involved usual list of many other factors. — great firewall around Spain and…

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