Functioning Debt Market News Today

>> because that countrys go bust then? how does this work? >> now in europe, they talk about austerity is the path. this is the way to do it. well, maybe not. now, its well, weve got to talk about growth. but they talk about that in the abstract like the way my kid will talk about practicing piano five hours a day. >> is the prerequisite to that a functioning capital market? in other words, if you dont have a functioning debt market, a functioning tax and banking system, isnt it much more diffic...