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 lines 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 Eurodollar swap lines with the ECB.
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