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Recorded October 5, 2011

banks , collapse , Europe , Greece , IMF , Ireland , Italy , Portugal , Spain , UK , US

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If...if...if...if...

Every time someone talks about "saving" Europe, there are about a dozens things that have to go right - and right now - in order for a major crisis to be averted.

How likely is it that all these things are going to be done in time?

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Dr. Robert Shapiro who advised Presidents Clinton and Obama and who currently advises the IMF predicts a cascading meltdown of the World's banking system starting with Sovereign debt in the Eurozone, affecting the UK then finally bringing down the global banking system.

The clip was aired October 5, 2011 on the popular News show Newsnight with the corporation's top interviewer Jeremy Paxman.

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