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Rattner: Cyprus backlash shows Europe’s still a mess


Time magazine’s Mark Halperin, New York Magazine’s John Heilemann, economic analyst Steve Rattner and the National Journal’s Ron Fournier join Morning Joe to discuss the latest bailout crisis in Europe and why world markets are in peril. Rattner also talks about spending cuts, tax increases and the balancing problem these economies in Europe are facing. The Morning Joe panel then turns the discussion to President Barack Obama’s push for a grand bargain on the budget.