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Drachma, and a knock on effect against spain, portugal, perhaps on italy. suffering from a lot of the same problems that greece has had. >> paul: and will the knockon effects, okay, we're going to turn on the debt, portugal and spain. if one country can leave the euro, both can. or is it a banking problem? >> and markets say pressure on the bond market, but the other problem, people that have, you know, if you're portugese and you have your money in a portugese bank account and you see what happens in greece where they go to a drachma and jump the euro they'll convert the euro accounts into dr...

Against spain, portugal, perhaps on italy. suffering from a lot of the same problems that greece has had. >> paul: and will the knockon effects, okay, we're going to turn on the debt, portugal and spain. if one country can leave the euro, both can. or is it a banking problem? >> and markets say pressure on the bond market, but the other problem, people that have, you know, if you're portugese and you have your money in a portugese bank account and you see what happens in greece where they go to a drachma and jump the euro they'll convert the euro accounts into drachma and they'll wife out the ...

Responded to the scale of our problems, whether it's the scale of our debt, the scale offer unemployment problem, the scale of our housing problem, the scale of the banking problem, the scale of the health insurance monopolies on a scale that recognizes the magnitude of the problem, and if using the word "depression" somehow magically forces you to think beyond incremental policy and into an actual evaluation of the financial system, et cetera, et cetera, that to me seems like it may have some merit. i know you're nodding. what do you think about that? >> i think politicians generally use scar...

of the most important financial minds, to tell us whether the oour zone is about to come apart. why in the world can't north korean nurses and doctors come back from the middle east? it's a fascinating tale. finally, back home, the former governor of michigan, jennifer granholm, tells us what her experience of cutting taxes and reducing spending taught her. all this coming up. but first, here's my take. last week the international atomic energy agency issued its most serious warning about iran's nuclear program. it argued that iran seems to have experimented with various techno...

the most important financial minds about whether the sueuro zone is about to come apart. why can't nurses and doctors come home from the middle east? it's a fascinating tale. finally, back home, the former governor of michigan, jennifer granholm, tells us what her experience of cutting taxes and reducing spending taught her. all this coming up. first, here's my take. last week the international atomic energy agency issued its most serious warning about iran's nuclear program. it argued that iran seems to have experimented with various technologies that suggested it was trying to ...