Detailed text transcripts for TV channel - MSNBC - 20120612:20:09:00
The way, what you're seeing in europe, france and germany, greece, is that ordinary people who are really have been terribly hard hit by this recession, unemployment off the the wall. cutbacks in pensions and health care. ordinary people are saying hey, maybe it's time to reverse this austerity thing. let's see austerity for the big banks and wealthiest people in our countries and in the world and not just working people. >> but let's be honest on what that means for the big banks. austerity for them is a global debt restructuring where you don't restructure at the ek pence of the pension hold...