Detailed text transcripts for TV channel - FOXNEWS - 20110811:05:19:15
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Ratings agencies coming out and reconfirming france's aaa rating. lots of these french ministers who like to disappear on their summer holidays have been called back to paris and told, you need to work harder on a deficit reduction plan. that also has encouraged the agencies to think that france is going to get to grips with its current debt-to-gdp problems. the banking issue is something that we shouldn't miss, either. we had an exclusive interview with the ceo of the french bank, they suffered from a great deal of market rumor about their solvency going forward. i have to say, nothing in it,...
Aggregate demand. you know, we are now seeing after this debt deal happened, the stories comes out in the media. >> i get that. >> but that's the problem. in many respects the media is to blame. >> i agree. >> they're not reporting that physics works. >> i get it. >> gravity -- >> the politicians imogene, have suspended math arithmetic and enjoying arguing about who they like. >> absolutely. part of the problem is actually our political system as well. in the u.k. system, parliamentary detention. the deficit reduction and obtaining the aaa rating. over here checks and balances. >> but what is ...
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