Transcript of interview with Niall Ferguson [CNN]

Link to original transcript, July 4, 2010, CNN

NIALL FERGUSON, HARVARD UNIVERSITY: Once you suddenly find your interest payments rising, it’s very quickly a – a shift into a death spiral, a kind of tailspin in which things compound. The Greeks have been there, Spain is there now. Japan could be next, the U.K. teetering on the brink.

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