CNBC Worldwide Exchange January 24, 2013
Merkel and others committed to some day doing the kinds of physical transfers of Banking Units they need. And there has been some Real Progress even off that cleanup. But none of that is going to offset the unemployment numbers, barred from that the lack of investment, the constraint on demand from the austerity programs, the feedback in europe. So, again, it is Real Progress, but thats not going translate to growth anytime soon. When you say not going to translate into growth, what is the outlook . To me, what ive been saying for a few months is that europes past is bounded from below and fro...