Fiscal Cliff and Europe - An Interview with Jacob Frenkel

The video below is an interview with Jacob Frenkel on October 18, 2012 concerning the situation in Europe and the "Fiscal cliff" in the US.  The reason I have included this video is because of the clarity with which the various issues are discussed.  It is my experience that this is how these types of issues are discussed as opposed to the discussions that take place in the popular media:

From Bloomberg: