Page 3 - Austerity Programs News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> yeah. >> by international law, that money has to go into building schools and hospitals in africa, in the poorest parts of the world, and right now what we've seen the pope do in his speech is actually follow up on specific policy recommendations he's made that are moving forward, both at the united nations and to some extent at the international monetary fund in congress. this pope actually called for the development of a global bankruptcy process at the united nations. he alluded to it yesterday and he said this is a necessity if we want to stop austerity programs in greece, if we want to...

Debate are blocking this thing and my concern is that they'll probably continue to do so this year. >> you know maria, this struck my attention because some on the right are saying republicans should take credit for the economic recovery. "the new york times" says anti-tax crusader grover norquist, quote, may well have heralded a republican shift on the economy. he credited the budding revival to the party's austerity push. [ laughter ] >> he wants republicans to take credit for improving the economy. i mean does that sound right to you, maria? >> these are the same folks, let's look at where ...

Brenda? and will we benefit? >> here's the deal. it's all very well and good to say and i wish, and we will infuse the world economy by 2% or $2 trillion. i would like to look like jennifer aniston. i don't have that chance. i don't think this is going anywhere, either. it's just a statement. it says we're going to increase the world economy, but at in the point they have no road map to getting there. >> so all these countries can talk and throw out numbers, and no one is willing to put up the money? >> it's not so much the money. it's going to be government policy. the next step is that every...

Ultimately going to do and are they going to abide by the agreements reached in the austerity programs put in place. so there are lots of reasons why. we say it's spying but it's really about understanding what's happening in other countries that affects your national interests. >> now, so you proposed a flipside. let me do that, as well. how do you think the white house would reracket if they found out 35 foreign intelligence agencies were spying on our president's phone calls? >> you know, i would expect other countries to make that attempt. whether they are successful or not depends on you ...

Read most of the papers, reporting of this, they say the united states is doing better than most european countries that have been hurt by three or four years of austerity programs. how is the president standing with the group now compared to how it was three or four years ago when he was getting lectured by the french and germans? >> on the economy it's pretty good. but there's a whole other part of discomfort, if you will, with some european leaders and it more has to do -- their reaction to president obama is just like any other politician's reaction to a politician that may not be as popul...