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Transcripts For CNNW World Business Today 20120302



affect the u.s. economic recovery with higher prices. more compensations cost for costa cruises. the costa allegra ship are offered full reimbursement. first off though, greece has made a lot of sacrifices to try and secure its second big bailout from the eu and the imf. unfortunately though, it seems as though it still hasn t made enough. eurozone members holding a meeting in brussels decided to withhold more than half of the $175 billion that athens so badly needs to stay afloat. that s the portion due to go straight into the government bank. while greece struggles, another aspect has been sealed. the finance ministers have approved the funds required to safeguard a $274 billion debt swap for greece s private creditors. they have lost more than 70% of their value on their bonds in real terms. early this week what we saw with standard and poors becoming the first of the big credit rating agencies to define in as a default. with them tasked with deciding whether def ....

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