Detailed text transcripts for TV channel - MSNBC - 20120611:20:18:00
Because the euro zone is not an optimal currency zone t is a bad idea. you have countries that can't compete with -- toe-to-toe. >> never could, never would. >> union labor costs are always going to be too high italian car industry massacred, german machine tools being sported effortlessly around the european union, they are destroying, economically speaking, it is very, very good for them. they can export. >> for germany. >> germany is growing. now, if they want that currency zone, which allows them to do that to continue, then i believe that they should pay. and that's the argument. now, the...
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