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Surveillance: Fed Pause with Dudley

Bloomberg Surveillance

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Is There a Risk of Contagion in Europe?

I think there's still a risk of, of sovereign debt issues in Europe. We are not through the net gas problem of this winter. And then after this winter, there's a summer and another winter. I think the contagion risk is lower, but not dead yet. The Bitcoin blow-up is likely to be contained there clearly with some counterparty risk. But I don't think it was a big enough asset for it to have huge reverberation.

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