There Jeffrey News Today : Breaking News, Live Updates & Top Stories | Vimarsana

1934 when fdr got to work it started to turn up. but if you look at the greek economy, you see it's basically flat lined down here. and so they have been living in a situation much like our great depression for the last several years. >> unemployment among young workers, 50%. 50%. >> let's turn to unemployment for a second. unemployment is also worse in greece than it was in the great depression. just by a little bit. i think that is 25% in the u.s. it's 25.5% for all workers. to your moinlt much much higher for young workers. the only other country that is close is spain. spain has been doing...

Six months. >> drinking or what? in what room? >> seriously. >> what room? >> in the negotiations. >> that doesn't change what they've been doing for 20 years. >> i'm trying toexplain. >> what they've been doing for 20 years. >> i'm trying to explain what you have to do in a situation like this and what you have to do is have strong reforms for sure and you have to recognize that when you're broke, you just cannot crush the -- >> i'm with you, there jeffrey. but they wouldn't give the strong reforms in exchange for money. i don't want the greeks crushed. i don't want them out of the eu. >> tha...

They have the banks out of this in the last restructure. >> foifrt time a poll in germany has shown a very small majority of germans saying they would be happy to see greece leave the euro zone. >> i think this is just another part of the negotiations. >> so how does this end, jeffrey? does it end with greek in the euro zone or out? >> it's up to angela merkel. it really s it's unclear at this moment. the banking sector has collapsed. if there isn't some kind of relief the next couple days greece will go out and this is really a statesman's decision right now. it's not clear what the outcome w...

So we were talking with jeffrey sachs. he had to leave. >> not in a huff. >> he actually said i was right. jeffrey and i think a deal has to be made. one way or the other, it's ugly but a deal has to be made. a lot of skepticism around the table here that a deal is actually going to be made. >> i think steve is a skeptic. steve, do you think the eu really loses anything if greece leaves? doesn't greece have a lot more to lose than the euro zone? >> yeah that, is exactly the point. i think what the euro zone has to lose is probably more political than economic. >> right. >> everybody we talked ...