Detailed text transcripts for TV channel - MSNBC - 20120618:20:28:00
>> because that country's go bust then? how does this work? >> now in europe, they talk about austerity is the path. this is the way to do it. well, maybe not. now, it's well, we've got to talk about growth. but they talk about that in the abstract like the way my kid will talk about practicing piano five hours a day. >> is the prerequisite to that a functioning capital market? in other words, if you don't have a functioning debt market, a functioning tax and banking system, isn't it much more difficult? isn't that why they did the marshall plan? isn't that why after the civil war, they did bo...
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