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We avoided the cliff. for the moment we have not gone over the cliff, the europeans have not gone over the cliff. they're teetering on the edge. can they put a government together that can implement the kinds of reforms they have to achieve to be competitive within the eurozone. >> what do we know about their ability to do that? >> their ability to do that so far has been very limited. you're dealing with a country that operates in a different way than europe where people retire at the age of 50, as hair dressers because it's considered a dangerous profession, where they have the largest pensi...

Pass greece currently unsustainable debt level if we stay on the course we're on. so the the message from greece is twofold. it's they have a terrible competitiveness problem that is almost uniquely greece that they have to solve, it doesn't relate as much to us, but the consequences of overleveraging yourself and taking on too much debt we can see pretty clearly in our own situation. >> so, michael steele, just looking at the politics of this, front page of the "new york times" this morning, all the different foreign crises that are impacting this presidency as obama also seeks re-election an...

there a big, new chill in relations between russia and the u.s.? it's all about one man. i'll explain. next up, where does innovation come from? we'll ask the man who totally reinvented a household appliance you use every week or at least you should. then a look at jobs, inequality, and the economy with the nobel prize-winning economist michael spence. finally, think you can solve the euro crisis? we'll tell you how you can try. first, here's my take. this is thanksgiving week in america, and it's a time we're meant to be thankful. except no one is feeling particularly gratef...

there a big, new chill in relations between russia and the u.s.? it's all about one man. i'll explain. next up, where does innovation come from? we'll ask the man who totally reinvented a household appliance you use every week or at least you should. then a look at jobs, inequality, and the economy with the nobel prize-winning economist michael spence. think you can solve the euro crisis? we'll tell you how you can try. first, here's my take. this is thanksgiving week in america, and it's a time we're meant to be thankful. except no one is feeling particularly grateful becaus...

ne who's next? i'll introduce you to a man famous for predicting political change. and in oslo court, we'll analyze what breivik said. and can europe survive? should the u.s. government slash its budgets the way european governments are? i was in london earlier this week and sat down with a star-studded panel to sort things out. first, here's my take. watching the apec summit in hawaii last week, i had a feeling we were entering a new phase of global geopolitics. for decades now, those summits have been occasions for asean countries to worry and wonder about the u.s. commitment...