Europe Will Be on `Edge of Catastrophe' in 2012

Europe Will Be on `Edge of Catastrophe' in 2012 Play

Dec. 2 (Bloomberg) -- James Shugg, a senior economist at Westpac Banking Corp., discusses the performance of the U.S. economy and the outlook for "catastrophe" in Europe. He speaks from Sydney with Linzie Janis on Bloomberg Television's "First Look."

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