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Want to keep bailing out their poorer cousins. so instead, extend greece's repayment deadlines, a debt restructuring. but the european central bank calls that a horror scenario with the possibility of bank defaults and a vicious domino effect throughout europe. and that is the real worry. this isn't really about greece. it has a $350 billion economy about the same size as michigan's. it's 1% of the euro zone. but if greece defaults, it would be the first rich country in six decades to do so. and it could lead investors to free the other fringe euro zone economies, portugal, ireland, even spal ...

but first up -- the chances of peace in the middle east after the latest round of speeches by prime minister netanyahu and president obama. i'll be joined by tom friedman of "the new york times" who is just back from the middle east. now, here's my take for this week. we've just gone through an arcane debate about whether barack obama said anything new when he called for an israeli/palestinian settlement based on 1967 borders with mutually agreed upon land swaps. in fact, that has been the working assumption of all negotiating parties, america, israel and the palestinian authority,...