Two interviews: Eurozone crisis outlook, Banking Union

the Peterson Institute just published a new two-part interview of me by Steve Weisman: 

First part - I look at the policy outlook for the next few weeks and argue that the risk of major market dislocation is low at least until the US election. 

Second part - an update on the next steps for a European Banking Union. 

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It is really hard to compete to those countries that offer low cost industrial service, Germany needs to cut costs in order to compete but this may result to deflation especially for those countries that shares currency with Germany.