Contagion is a concern in emerging markets, as the currency sell-off spreads to countries with current account surpluses, such as Hungary. Nicholas Spiro, managing director of Spiro Sovereign Strategy, discusses the risks with John Authers.<br /><br />For more video content from the Financial Times, visit http://www.FT.com/video<br /><br />Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k<br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes
