Detailed text transcripts for TV channel - CNN - 20100428:17:26:00
So there's not any major refinancing any time soon. what it really comes down to, is there a credible plan to pay down the debt? it's likely -- just as you and me having a mortgagor overdraft, does our bank manager think that we can pay it back and have we proved our ability to do so? and what they're basically saying in greece's case at the moment is that that's not the case. if there was to be a restructuring and default, the ramifications are so colossal in europe with the you'euro zone t nobody wants to think about it. from the american point of view, instability in the european community ...
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