Detailed text transcripts for TV channel - MSNBC - 20120611:20:19:00
Look at the history, 1930s, germany's on the hook, we all know the story, huge unemployment, they are printing money in germany to pay off world war i. >> sure. >> finally, they are like, listen, you know that whole raischmark thing? forget it going deutschmark. it is a unique road and impossible to suggest is in our future. at the same thing, do we not learn anything when we look at how this was resolved 50 years ago. >> 50 years ago. >> marshall plan. you had to cancel debt. german any needed debt fore bear rance, everybody had to get off the hook before this was -- >> the only way to do tha...
Source: news source