Transcripts for CNN Around the World 20130322 16:10:00 : vim

CNN Around the World March 22, 2013 16:10:00

>> right. z zain, too from american standpoint, we have americans with us of course, what happens in europe matters in the united states. europe's the biggest trading partner. it's all interconnected now. >> yeah. absolutely. there are huge protests in the streets just to show you how people are riled up. but emphasize this could never happen in the u.s. the fdic insures deposits. in cyprus they have guarantees as well but willing to override the law because of the dire straits they're in. the u.s. has the authority to borrow money or literally print money. in cyprus it's not that simple because they're part of the eurozone. so they don't have that kind of economy. they have to lean on the shoulders of the ecb. it does seem to be relatively contained over there. >> zain, jim, thanks so much to both of you. appreciate it. >> heers more here's more of what we're working on this hour for "around the world."

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