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With cash. >> for fear that i might wind up driving an electric car i have to agree with adam. i can't believe i just said that. >> i was thinking about buying one. i really am. >> i think that europe is a known -- i don't worry so much about europe's impact on us. i worry about china and our own policy mistakes. we have a lot of trouble here at home in terms of job growth. in terms of looming tax cut expirations. there is a lot to change the mood of american corporations. >> i think you are underestimating how big of a problem europe is from this standpoint. italy is a big economy with no gro...

if he succeeds, he charts a path out of the crisis for other countries. then iran. it's in dire economic straits for a very different reason. we have another exclusive. this one with iran's finance minister about just how crippling u.s.-led sanctions have been for his nation. next up, a conversation with paul krugman. the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. i'll ask him to defend his views. all that plus superstitions in the race for space. but, first, here's my take. everyone is worried tha...

we have another exclusive. if one with iran's finance minister about just how crippling u.s.-led sanctions have been for his nation. next up, a conversation with paul, the biggest question in the world today is whether to spend or whether to cut. krugman is the leading voice saying stimulate. i'll ask him to defend his views. all that plus superstitions in the race for space. but, first, here's my take. everyone is worried that greece might default on its national debt. that's really not news. by one estimate 180 years since greece gained its independence in 1832 the country has been...

Faring worse than the great depression. debt is a greater ratio of gdp than it was before the austerity programs. >> and based on austerity. >> and slashing spending. >> and of course, has e england -- >> and to give bond -- >> has england cut spending? no sh no, no, it has not. >> we are talking about nominal inflation? >> no, it is not nominal inflation, and what we are saying is that -- >> austerity does have to do with increases, but it is macro flows and one thing that europe has not done is to create euro bonds and every single country is on their own. in america the way we finance this ...

This weekend at camp david. high on the agenda, what to do about the european debt crisis that threatens fragile economies really around the world. let's talk about it with paul gigot, editorial page editor for "the wall street journal," we're at an interesting time. you've got greece basically bankrupt and threatening to leave the eurozone because it's people don't like the austerity program that its government imposed. the french government, the number two economy in europe, trying to bring in an austerity program, and they get voted out of office in favor of the socialist. >> yeah, it's rea...