Greek Banks Pose Risk to U.S. Economy, Phelps Says

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May 17 (Bloomberg) -- Edmund Phelps, a Nobel-Prize winning economist and Columbia University professor, talks about Europe's sovereign-debt crisis, its possible impact on the U.S. economy and the outlook for this weekend's summit of G-8 leaders. He speaks with Mark Crumpton on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

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