Detailed text transcripts for TV channel - MSNBC - 20111201:16:07:00
Dollars. that should help keep european banks out of default for now. the u.s. market reporter for the financial times and joins me now. explain to all of us because as we are watching this, we like the way it looks here in america. >> a lot of people said this is a really good temporary provision to banks in europe. it will allow them to have time to work out some new policies across the sort of the peripheral countries to see if they can strike a deal to get bondholders to agree to a repayment schedule for greece. restructuring those, coming up with ways for european
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