Detailed text transcripts for TV channel - CNN - 20120107:18:44:00
It seems like we have all the research. we know what the options are what europe needs to do. who needs to get ahead of it and what do they have to do? >> certainly germany needs to get ahold of it and they are holding everyone back. there's a balance -- they don't want to reward countries that have gone too much in debt and had problems. in not rewarding them they are taking losses on their own bank balance sheet, that will hurt their economy. it's a bit of a catch-22. one of the key issues is the european central bank. richard points out a very good point, we have to listen to the fed. the e...