Transcripts for CNN Around the World 20130322 16:08:00 : vim

CNN Around the World March 22, 2013 16:08:00

there's still no plan. it's now the sun going down on friday night, people are at the gate protesting to find out what parliament's going to do, guys, and they still don't have a plan we can tell you about. >> extraordinary. zain, i want to bring you in and talk about the markets. the europe markets were up earlier. i think they ended up on the day. american markets, they seem to be shaking it off. but what would it take for that situation to change? >> okay. well basically if that situation would change, basically we'd have to see this rippling out to other countries. if deposited in periphery countries, like spain, and did a run on the bank, obviously the global economy would be in jeopardy and that obviously includes u.s. markets. naturally europe is one of our biggest trading partners. but for now investors don't seem to be too stressed. it is a very tiny country. it doesn't have the same impact like say france or germany. plus, we have seen a huge rally in the stock market since the start of the year. major averages up 7% to 10%.

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