Detailed text transcripts for TV channel - MSNBC - 20100510:

Detailed text transcripts for TV channel - MSNBC - 20100510:18:24:00

these democracies of western europe could get their act together and deal with the problem in greece, prevent it from spreading to spain and portugal and, perhaps, other places. when they finally did get that plan together, that trillion dollars, the mother of all aid packages some people say, you had a tremendous sigh of relief all around the world and in the u.s. markets as well, which is a nice tonic certainly for the obama administration and for investors in the united states after the turbulence of last week. >> but you know as well as i do, john, people are saying, yeah, it feels good right now especially compared to what we saw thursday and friday, but this solution or this help for greece may not be long term. >> well, we'll see how persistent these problems are. for the moment, people feel as if this may be enough to get people back focused on the worldwide economic recovery and not on the threat that these countries' indebtedness is going to prevent them from borrowing

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