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Or 700 asylum seekers or whatever they turn out to be. they consider this an outrage, it's something being forced upon them. would a country that small depend on charity really save -- forgo all the benefits of the eu over the issue of 500 to 700 migrants? i don't think so. i think we should expect this kind of resistance as a starting point. when they get back down to practices and how to manage the flow, i think a lot of the countries will find it's better to be part of the system and to participate. >> so you think those sort of threats might work? >> well, threats is not the wordy use. it'...

Tumble. the u.s. market. by more than 200 points. this is, it could reach here. >> bret, the problem is -- in a sense the problem is greece but it isn't greece. it's greece and beyond. portugal and ireland and italy and spain. it's, you know, the word of the day is contagion. the possibility that this grows. greece by itself, especially if you are looking at the worldwide bond market is not that big a share. not that big a player. but when you start looking at europe and when you start looking at the situation with german banks, then i think you get to the point where, you know, as we heard th...

Greece, $160 billion. take a look at this map. the financial upheaval there spread to other countries could touch off a global crisis, it's spreading fast. the country right here in red are in the worst shape. the next worse in orange. this is a scary picture. we are back with the panel about the greek economic tragedy. start with charles. >> i think the map explains why the germans in the end will have to act. they're the anchor of the european financial system. they will act. they have been slow to. the reason in the end germany will act is because a lot of french and german banks are heavil...

80 to 90% of germans oppose a bail-out. the reason is the germans are traditionally frugal, hardworking and that is not exactly thegerman perception of the greece. i'll give an example. retirement age in germany is 67. greece it's ostensibly 65, 60 if you are a woman. however, if you work in any of the hardship jobjobs, then there is a ten-year earlier rer t retirement. it's not just the coal mining. it includes radio announcers, musician and hair dressers. it chose the wrong profession. if i had been a greek hair dresser i would be in the island drinking uzo so i understand why germans are re...

Tumble. the u.s. market. by more than 200 points. this is, it could reach here. >> bret, the problem is -- in a sense the problem is greece but it isn't greece. it's greece and beyond. portugal and ireland and italy and spain. it's, you know, the word of the day is contagion. the possibility that this grows. greece by itself, especially if you are looking at the worldwide bond market is not that big a share. not that big a player. but when you start looking at europe and when you start looking at the situation with german banks, then i think you get to the point where, you know, as we heard th...