Detailed text transcripts for TV channel - FOXNEWS - 20111027:23:06:00
Eurozone countries and the international monetary fund will also provide another $140 billion in bailout money for greece. all of this is to protect the euro from collapsing. in the words of the german chancellor angela merkel, this is the biggest crisis since world war ii. she went on to say it would be irresponsible not to assume the risk. the fox business network's ashley webster is with us now. if you would explain how this deal works. >> what this does is initially buys greek breathing room if you like. there are those that say okay we will forgive 50% on every dollar you have lent. 50 ce...
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