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Sheet we would be downgraded. megyn: you guys are telling me we'll have a lot of market problems and financial problems here if we let it happen, so which is worse? >> what needs to happen is for the germ answer and europeans to understand that they have to anyplace -- they didn't anyplace this in the bud. they have to stop this now as opposed to letting this dragon. the germ answer could have written a check, it could have been 200 billion, later 350 billion they could have stopped the bleeding. there is a consensus in germany that we are not bailing out greece. >> greece is such a small econ...

Which no doubt they will come out with another word to use. and hair cuts for the banks that own some of this debt. and the question is that those are all politically tough. and will it happen in time to prevent some real market problems from debt that greece took out but can't repay. >> we always have to worry about the ramifications here if some of those financial institutions have exposure and there is a royaling effect. >> i think there would be ramifications here. obviously finance is a global industry. if you have a situation in which this becomes dire in europe, it pretty clearly affect...