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Detailed text transcripts for TV channel - FOXNEWS - 20111105:14:16:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20111105:14:16:00

Fries right alongments and unfortunately the g-20 recent basically saying the problem is too big to handle and what we're all witnessing now is the first phase of a three-phase evolutional-- first phrase being sovereign debt crisis in which greece is an important part because it's the first crack in the dam, but it's by no means the biggest. the big gorilla as you rightly say is italy and then of course, france and then the second phase the banking crisis and into the third phase, which is a feared currency collapse. >> neil: hold it right there. i'm sorry, my friend, are you saying that italy...