well, the british aren't on the euro. but with northern european countries with whom it can compete. >> bret: it's all interconnected, fred. >> it is. and both of those options that charles mentioned probably include a default by the greeks. i mean they are just not going to -- it cannot be avoided particularly because even this bail-out that they are going to vote on, on december 4 is one to impose more us a centerty on the greek economy. well, that is the last thing you want is more austerity, because then there will be little economic growth. they won't pay anything off. they will have more jobs. it will make the situation worse. >> bret: wait a second. isn't that what republicans are calling for here? >> they are calling for tax cut to generate growth and spending cuts. what ronald reagan did in 1981 and what countries did all over the world more successfully than the remedy applied by obama here. that's for sure. but the greek prime minister
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