Do you think that the US should be doing anything that it's not doing now to help resolve the problem in Europe since we have such a huge stake there? No, there's no way. Look, is there anything we can do? Look, We've already opened massive Eurodollar swap line from the Federal Reserve to the ECB so they can have the liquidity. But the reality of it is Europe will sink. There is no way. And this whole phoniness that Germany is somehow going to save the day. Germany is 31% of the EU economy. (1:03:13–1:03:20)
CLAIM
Asserts that the Federal Reserve has opened a Eurodollar swap line with the ECB.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
