Page 273 - Restructuring News Today

those closed doors in that meeting with sarkozy and merkel. sure enough, the greek prime minister has done this 180 with regard to his stance on the bailout deal. tell me about it. >> reporter: i think hes done a 360. let me tell you. this time yesterday, the meeting was underway. between sarkozy and merkel from france and germany. on this deal to fix the european economic system, greece might even get kicked out of the euro zone. this all happened late last night. we spent the morning...

If they dont vote, yes. then a disorderly restructuring. >> thats right. >> and you have markets armageddon so that is the case. >> thats not greeces problem. thats the problem -- isnt that an indictment of the global design of a financial architecture where one country -- >> they were stuck with debt and happily took it. france gave it to them. >> and were blaming greece because we ive given power, jonathan capehart, for one of the children of the earth to take down the whole machine and were l...

That its very difficult to fire team and firms are reluck and the to hire people and dont want to put people on the books in the time they might not be able to drop in the bad times. theres aup swing in europe, the take on the new stuff is sluggish, a higher level of structural unemployment and thats what we should be tackling instead of the crazy idea you carry on spending more and more, reseating the mistakes that lead to the clament calamity. we need to be liberallizing and restructuring. wes...

That its very difficult to fire team and firms are reluck and the to hire people and dont want to put people on the books in the time they might not be able to drop in the bad times. theres aup swing in europe, the take on the new stuff is sluggish, a higher level of structural unemployment and thats what we should be tackling instead of the crazy idea you carry on spending more and more, reseating the mistakes that lead to the clament calamity. we need to be liberallizing and restructuring. wes...

weekend. more than four million people are without electric power. a truck bomb followed by a gun battle killed at least two people in the southern afghan city of kandahar. it happened outside the international relief and development office. afghan officials say two people were wounded in that attack. taliban fighters set off a truck bomb, entered the compound and fired on security forces. closing arguments could begin in the next few days in the trial of michael jacksons doctor. o...

And some governor jobs created. and the trouble in europe is that its very difficult to fire team and firms are reluck and the to hire people and dont want to put people on the books in the time they might not be able to drop in the bad times. theres aup swing in europe, the take on the new stuff is sluggish, a higher level of structural unemployment and thats what we should be tackling instead of the crazy idea you carry on spending more and more, reseating the mistakes that lead to the clament...

Systems while i do that. that is the bank restructuring and write down the debt or do this or do whatever it is. its like saying i will fix your heard problem by opening your chest and figure out what i will do when i get in there. what about stimulating the way they want to. with other methods. what about that? >> both of these things could be valuable actions, but by virtue of doing the first thing that you want to do is reduce the debt in the housing market. you are forced into a restructurin...

good afternoon from cnn hong kong. im andrew stevens. >> and good morning from london. im felicia taylor. it was a long time coming, but european leaders filly got there. shortly before 4:00 a.m. in brussels the announcement wed all been waiting for. european leaders struck a deal on the eurozone debt crisis. here are the key points. the agreement includes a compromise with private investors. holders of greek bonds have greed take a 50% write down on the value of those assets. also the...

President had far and away a weak housing policy. thats the big problem facing the economy right now. people are not spending money because they lost wealth and they are not confident enough and they wont be until the market stabilizes. the president had a poor policy until now and trying to move forward for something better. meanwhile the republican field has not talked much about this. thats a big void in the policy. >> let me stop you there. listen to the opportunity from las vegas at a debat...

issue many people thought would settle. im wolf blitzer. youre in the "the situation room." president obama is going around congress for his latest plan. he is out west focusing in on the ongoing housing crisis that continues to drag down the u.s. economy. he wants it make it easier for a homeowners who are under water to refinance and he is unveiling his plan in one of hardest hit housing markets in the country. we are talking about las vegas nevada. jessica is joining us now with d...