Page 25 - Contagion Effect News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Half or two telling about how europe is sore with america. tell me again, richard, why greece is not lehman brothers or something else? explain this to me again? >> don't try to get clever on this one, ali. the reality is that greece is a small part of the european union economy. but the contagion effect could be greater. now, the european central bank, the big economies of europe like france, germany, the uk, spain, even non-euro countries with easily withstand that, but the fear is nobody knows just how far those deficits will be and whether or not as they bring them down, of course, the eco...

Come to an end. or as you say no current indication that this cycle will come to an end so to your mind the economy's in good shape we know that the international monetary fund always encourages countries to repair the roof while it is shining so if the sun is shining for the german economy right now what needs repairing. so he did german economy in general is quite in a good shape so it goes across sectors and branches so we have to use diesel scandal for the german automotive sector but all in all branches a booming especially construction sector the consumption side so and the german govern...

Titles and what kind of governance news corp. will look like going forward. lots of question marks about the independence of the news corp. board and whether we'll see moves on that front as rupert murdoch is forced to relinquish some power. >> the u.s. secretary of state hillary clinton in athens, greece, voicing strong support for that country, including their debt crisis. there is a meeting in brussels this thursday where they'll decide on a new bailout package. what do we expect to learn then? >> reporter: well, we expect to learn that somebody will finally get their own way. will it be th...

It makes our goods less competitive. >> ken, the reason we ask you because you have literally written the book on criessiey i crises, hundreds of them. how does this rank up there in the recovery worldwide, how dangerous is this to the recovery that we think is under way? >> well, i don't want to be, you know, too positive, you know, about the situation. but the u.s. has a pretty robust recovery going on. you do see these sovereign defaults after a banking crisis. the governments borrow a ton, just like ours did. not everybody can pay for it. usually, in the past, it's been an aftershock, it's...