Detailed text transcripts for TV channel - MSNBC - 20120507:14:18:00
Voters have rejected budget cutting austerity measures in france and greece. for the first time in nearly 20 years france has elected a socialist president with the challenger ousting nicklas sarkozy among anger over budget cuts. there are fresh worries about europe's debt crisis. yesterday's election resulted in a split party. one party wants to renegotiate the bail out deal and the other party wants to overturn it. joining us now a professor of economics at the university of california-berkeley and author of the new book "beyond outrage" what has gone wrong with our economy and dplox and how...