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Dominick of the imf, bob zell lick of the world bank, the head of the wto, uncle tom cobly and all. anyone and everyone was there. but the reality is merkle is still the chancellor and jerl any and still says that greece needs to do more. the proper position needs to be determined and it all has to be done because of the stability of the euro threat. there are commentators writing tonight in europe that literally are saying they are fiddling while the euro is burning. >> what potential effect could this have? i don't know of a country, what joy industry that doesn't have -- major industrialize...

He doesn't have sufficient resources to deal with china wantonly. his many words will not become deeds. most u.s. people won't want to sink into a major power conflict. raising potential effect of these words, laying it out there for the world to see. that's the level of concern that china that right now. >> obviously we'll see what, but if there is a high level of concern, so far officially, publicly, the chinese government of beijing, restrained in their reaction. jim sciutto, thanks very much. more on this transition. joining us from capitol hill, texas republican congressman mack thornbu...