# Nobel Laureate Prof. Robert Engle discusses systemic risk

1 Faculty News November 28, 2012 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/con_034412.gif?itok=MRidxYS3)>

Excerpt from [CNBC](http://video.cnbc.com/gallery/?video=3000131294) -- "The fiscal cliff is on everybody's radar but I think it's not the only thing that needs to be on our radar because I think that the situation in Europe could actually turn out to be just as damaging for the US economy as the fiscal cliff."

[Watch the video](http://video.cnbc.com/gallery/?video=3000131294)