Detailed text transcripts for TV channel - MSNBC - 20120427:11:06:00
>> over the past two years, europe hasn't cleaned up its banks, and the central bank has kept -- up until the replacement of the head of the central bank, they really kind of engineered a recessionary policy for all of europe. and this double dip, which the uk is going through, is a european double dip. if it gets severe, it's going to hit us for sure right in the middle of the election campaign. >> right. >> and, you know, it's interesting. dan, jeffrey's right. western governments have been slowing down. you've had countries like china experiencing near double dip -- i mean, double digit gro...