Detailed text transcripts for TV channel - CNN - 20110513:08:19:00
Overly conce lly concerned with. there's concern that greece could default. why would that spread? if greece couldn't pay back the european bank, the bank would have to have a hole in the finances. it would go to the bank to ask for a bailout. that's why the fear of contagion exists. >> greece is more or less southeast of europe. what's going to happen if it does spread towards eastern europe. that could be detrimental for the u.s., isn't it? >> the eye watering figures we talk about in greece. that gives you some indication of why everyone is so worried about being able to repay their debts. ...