Stephanopoulos begins now. Good morning, we hope we had you a great fourth of july. Thanks goodness it passed without the kind of incident that had officials so worried. Cities and towns on high alert for a possible terror attack. Here in new york, 7,000 Police Officers deployed to protect the fireworks. Abcs senior justice correspondent Pierre Thomas has been tracking the threat, and pierre so far so good. Reporter good morning, george. Thats right Law Enforcement is breathing a sigh of relief that we made it through Independence Day without any attack on u. S. Soil. High security throughout the country. Specifically concerned about isis and the threat of lone wolves. Unfortunately, the unprecedented social Media Campaign by isis which is happening now as we speak is urging its followers to carry out attacks, including here in the u. S. Were also at the oneyear anniversary of the formation of the socalled islamic state. A threat that authorities are paying attention to, right now were in the islamic holy month of ramadan, which does not end until july 17th. Called on followers to make ramadan, quote, a month of disasters for those infidels. Followers are listening. This will be a long, uneasy summer, george. Theyll keep trying. Pierre, you also cover Homeland Security and immigration. Let me ask you about that hour riffic case out of San Francisco, kate steinle was killed by an illegal immigrant, deported five times, a lot of people wondering, how could someone like that be in the United States be free . Reporter george, what a tragic case and this may be a classic example that bureaucracy can kill. Fed ram immigration officials are pointing a finger squarely at local authorities. They say this criminal as you said, deported five times never should have been released by the city. They say Francisco Sanchez was handed over to the city because of an outstanding drug charge there. Prior to that he had been in prison for being a repeat illegal immigration offender. A specific request to be notified once the local case was resolved, but that did not happen. Once the drug charges were dropped, mr. Sanchez was simply free to go. San francisco is a safe haven city that does not detain undocumented immigrants. George, who is right is the subject for debate. The feds said they did everything by the book. Should the locals simply notified the feds when the case ended . Or should fed ram immigration officials had been closely monitoring the case . A very sad story. It sure is. Lets get into this debate with virginia congressman, what went wrong here and what should be done about it . Well, both the government, the federal government and San Francisco are wrong here, and george, let me say at the outset, what a tragedy for this family. My heart goes out to them. But quite frankly, the federal government, i. C. E. Knows about San Franciscos sanctuary policy. Its a bad policy but they know about it. Why did they turn him over to them when they could have deported him again or prosecuted him for illegally reentering the country four times . Either way, kate steinle would be safe. The fact of the matter is, San Francisco why would they release someone back on to their streets whos illegally in the streets and committed seven prior felonies. When they could have contacted i. C. E. And turned him back over to them for deportation and again, she would have been safe. A real tragedy. What is the answer here, should the federal government should there be a law that requires cities like San Francisco to turn over those who were charged in the past, charged with illegal crimes . Thats the law and that was the law, the policy regarding detainers, which is a law of the United States, was enforced by the Bush Administration as being mandatory. The Obama Administration has converted that into as something voluntary, and in doing so, they have eliminated a program that was working called secure communities where individuals like this would be detained and turned over to the immigration authorities. Now, in addition to that this administration is releasing criminals back on the streets themselves, so, theres fault to be bourn by both. The fact of the matter is, the laws need to be enforced. Over the last six years, deportation of criminals is up. 80 . Theyre not deporting people in the numbers that have been deported in the past and theyre counting people that they apprehend at the border and turn back around. The Bush Administration did not count that as deportation. Apprehend them at the border send them back into mexico. That didnt count as deportation. The Obama Administration has started counting those. The actual deportations from the interior of the country are way down. This administration is not enforcing our immigration laws, and quite frankly, i dont think they care and this tragedy in San Francisco which is repeated every day around the country doesnt get this kind of notriety is the lack of caring of the respect of the rule of law. Mr. Chairman thank you for your time. On the campaign trail, donald trump pounced on this story, saying it proves his point on illegal immigration. Hes drawing fire from his former Business Partners and fellow president ial candidates. Abcs cecilia vega with more. Reporter the polls show hes still doing well despite these controversial comments. Youll remember that the real estate mogul saying mexicans are bringing drugs and crime. That the backlash has been fierce. So far, trump is not backing down. Now, Networks Like nbc and univision are refusing to carry the Miss Universe pageant. Major Companies Like macys are backing away from him. Opponents quick to pounce. They are distancing themselves. Jeb bush, whose wife is mexican, hes taking these comments personally. Take a listen. Hes doing this to inflame and to incite and to draw attention, which seems to be his organizing principle of his campaign. It doesnt represent the republican party. Or its values. Reporter and others are lashing out, too, weve heard candidates like rick perry or potential candidate rick perry, chris christie, marco rubio saying that this could prove to be a real problem for republicans, george, really illustrates how divided the party is. On the democratic side, trump dominating the republican side. Bernie sanders drawing these huge crowds. Wow, if trump is having a bad week, bern wrooe sanders is one. People are just packing into his events. More than 10,000 people filling a stadium to hear the vermont senator speak. Thousands more in iowa. The biggest event of any president ial contender this year. Clinton said she knew that this race was going to be competitive. Look, heres the reality, in a poll of iowa voters, clinton still ahead by a landslide, 52 to 33 for sanders. But sanders is gaining ground. They had to change a venue this week to accommodate larger crowd, 850 people showed up for sanders. And they lit up twitter yesterday, the Clinton Campaign in New Hampshire by reining in the press with a rope. Take a look at this photo. Reporters roped off as clinton walked in a parade. Look, Clinton Campaign spokesman had a funny response. The gop may want to spin a good yarn on this lets not get tied up in knots. They said the move actually allowed reporters to have a little more flexibility on that parade route. Okay, cecilia. Thanks very much. That brings us to our next guest, the longest serving governor in texas history, now candidate for president. Today i am running for the presidency of the United States of America Rick Perry is back, but after that crash and burn the last campaign. The third one i cant im sorry oops. Can he be a real contender this time . New glasses had a studious look, hes boned up on foreign policy. Built up Ground Forces in key states. Its good to be back in iowa. And states his claims with social conservative. Proabortion radical. Defend the border. Our rights come from god. We need to return to power to the states. Still perrys lagging in the polls and needs a breakout moment to qualify for those first debates. And governor rick perry joins us now live. Thank you for being here this morning. You have been pretty candid about your last campaign, saying you botched it last time around, but with so many other new choices for republicans, why should gop voters give you a Second Chance . Well, i think American People are really taking a look at these candidates and theyre starting to focus on them now. And what i hear, people care about whos going to be able to get this economy going and keep this country safe, who can secure the border, being a former air force pilot and Lindsey Graham are the only two that have worn the uniform of the country as we look at who has the experience, who has the executive experience to run this country, and having 14 years of the experience of being a very successful chief executive of the 12th largest economy of the world, i think americans are going to look at us and see how we perform and obviously i think that they have seen the preparation, the work we have done over the course of the last years, and i think we have a very Good Opportunity to impress the American People that thats the kind of mature leadership, proven leadership, with the military background, and the results of our border work. American people are going to like that. Donald trump actually took aim at your work on the border yesterday. He said you should have done a better job of protecting the border. Well, i dont think he understands the challenge, obviously, we have been there for 14 years, the governor of that state wh a 1200mile border when it became abundantly clear that the president wasnt going to deal with this issue. We acted last summer. We had a 74 decrease of apprehensions in that region of the border where the real challenges were. My bet is that mr. Trump doesnt know that. Again, executive experience really matters. Having run the 12th largest economy in the world is really going to matter to the American People. Is he hurting your party . You know saw jeb bush yesterday, saying hes offended by the comments of donald trump. Ted cruz said he salutes donald trump. The fact is, i have said very clearly that donald trump does not represent the republican party. I was offended by his comments. Hispanics in america and texas, have been extraordinary people, citizens of our country and of our state, they have served nobly and to paint with that broad of a brush, like donald trump did, hes going to have to defend those remarks. I never will. I will stand up and say, those were offensive, which they were. Lets talk about the economy. Last month, you said america is on course to the failed policies of detroit and greece. President obamas team said that the private sector has added jobs six thanks to texas. Thanks to texas. Think about that, from 07 through 2014, george, 1. 5 million jobs were created in one place, one state thats texas. The rest of the country lost 400,000 jobs. If the president wants to be honest we he should have said in the state of the union address, i want to salute texas to make sure we have a positive job growth in this country. Because without texas, this country would have been 1. 1 million jobs below water. The rest of the country has caught up. 12 million jobs created over the last 6 years. But can you promise this as president you would have an Unemployment Rate below 5. 3 . As president , what i would bring to this country is a positive view on how you get americans back to work. Taxwise taxwise, regulatoriwise. We got an epa thats jobkilling. This piece of executive order that hes put into place to force overtime thats a job killer, this president has been putting jobkilling regulations into place through his agencies and through executive orders. I know how to create jobs, you free people from overtaxation, you use the Energy Resources in north america. You can drive down electricity. Lower the Corporate Tax rate. It does two things, george. Not only will it raise midlevel wages it will give incentives to those companies to come back onshore. With the lower electricity prices, and with the incentive of a lower Corporate Tax rate, you can have a renaissance of manufacturing in this country. You have been critical with the negotiating stance of the president over iran. Do you expect to take military action against iran as president . I think thats a bad move by the media to say the only option youre going to have im just asking. Military action. I hear that all too often. Thats the first thing they go to, obviously if you dont want to negotiate with them youre going to go to war. Thats not correct. I think you can put a coalition together and you can use the sanctions. We had iran at a very good position from my perspective, they wanted to come to the negotiating table because of the sanctions. If we had left those sanctions in place, i would suggest to you that it would have been substantially better for america. What were seeing now, this country, heading towards having a nuclear weapon, thats going to do nothing more than guaranteeing the development of a sunni bomb, those gulf states are not going to sit back and say were going to let iran have a bomb. I think the other countries that are involved with this, the other countries are going to be im impacket impacted by this see, the wisdom of having the sanctions in place. Lets talk about gay marriage, you were critical of the Supreme Court ruling last week, but last time around, you were also critical of gays in the military, take a look. Im not ashamed to admit that im a christian. You dont need to be in the pew every sunday to know that theres something wrong in this y where gays can serve openly in the military. And kids cant pray in school. So if you were president would you stand by that . I agree with the four justices that were on the losing side of that decision. This issue needs to be decided by the states. I think the bigger and broader issue from my perspective is, the next president of the United States may choose up to three Supreme Court justices. Im very clear in my stand that i believe in traditional marriage. But that i think is the bigger issue here is that the next president of the United States may choose up to three Supreme Court justices. What about gays in the military, would you bring back dont ask dont tell . I think you know that clearly has already so, were beyond that. Finally what is your path to victory here . Youre lagging in the polls, youre not even qualifying for the debates just yet. How do you get in them . I think the work that were doing now, clearly, both on the issues that really that American People really care about, people are starting to tune us in. The work that were doing. Its paying great dividends. I feel very comfortable that im not only going to be on the stage, but well be able to perform in a way over the course of the last months, this is an individual who has the executive experience and the vision. And i think americans are really looking for an optimistic individual, someone who has a positive outlook for this country. Knows that the best years are ahead of us and economically and securitywise, i know how to lay that out, i feel comfortable. Governor perry, thank you. Thank you, george. Roundtable up next. With the latest on 2016. Plus, overseas to the big stories defining the week ahead, Nuclear Talks in iran and economic crisis in greece. And were live from vancouver. Announcer this week with George Stephanopoulos brought to you by cisco. While youre watching this im hacking your company. Grabbing your data. Stealing your customers secrets. Theres an army of us. Relentlessly unpicking your patchwork of security. Think youll spot us . You havent so far. The next wave of the internet requires the next wave of security. Were ready. Are you . You know i never get tired of my job, but like you i think about my retirement years, and like you i wonder have we done enough to plan for them. A reverse mortgage is a Great Program that could help you live a better retirement. Its a mortgage, with no monthly payment. It could give you extra money to live on, or save. Call one reverse mortgage now to get your questions answered and ask for your free guide. It can give you relief from house payments, allow you to make home improvements, or give you more money to save. Some people ask me do i still get to keep my home . And the answer is yes. You remain the owner of your home. Its worth a call to find out more. Call one reverse mortgage now and get your questions answered, and ask for your free guide roundtable standing by to round up a week of politics, defined by donald trump and Bernie Sanders. Theyll break down what it means for both sides in just two minutes. Im like a big bear and hes my little cub. This little guy is nonstop. Hes always hanging out with his friends. Youve got to be prepared to sit at the edge of your seat and be ready to get up. Theres no deep couch sitting. Its definitely not good for my back. This is the part i really dont like right here. doorbell whats that . A package its a swiffer wetjet. It almost feels like its moving itself. This is kind of fun. That comes from my floor . Eww this is deep couch sitting. Deep couch sitting you know your dentures can move, unlike natural teeth. Try fixodent plus true feel. The smooth formula helps keep dentures in place. Its free of flavors and colorants, for a closer feeling to natural teeth. Fixodent. And forget it. I have lost count of how many republicans are running for this job. Theyll have enough for an actual hunger games. Thats an interesting bunch. [ laughter ] president obama having some fun in wisconsin this week out on the campaign trail. Were going talk about it on the roundtable now. Were joined by congressman tom cole joaquin castro, democratic from texas. Aenl gearan. Bill kristol, editor of the weekly standard. We have to start out with talking about donald trump, congressman cole, youre a student of politics, does this help or hurt your party . I think it helps. It helps . Yeah, it doesnt hurt. I look at this, this is somebody making a statement. He has a certain following. I dont think hes anybodys second choice. I theyink thats his big problem in the race. Anything that draws attention to the stage is fine. Hes never held an office, never really been associated all that much directly with the party, so, at the end of the day it adds to the color. But i dont think it hurts. And hes energized the latino community. In fact, America Ferrera wrote an incredible thank you note to the donald trump about doing that. Jeb bush and marco rubio took about three weeks to come out and condemn donald trump, which was absolutely surprising that they would havent the spine early on to stand up and say something. I got to believe, bill kristol, with the jeb bush attack and marco rubio attack, donald trump said fine. Cecilia said, about the race, donald trump had done well despite these controversial comments. Hes doing well because of these controversial comments. Ultimately, you cant win a president ial nomination just saying outrageous things. Hes tapped into real sentiments. Rick perry handled it fine. Rick perry said talking with you, he shouldnt have said what he said. Incorporate the trump message then you have ted cruz defending trump when two of the top candidates take three weeks, when the head of nascar comes out before jeb bush and marco rubio, you got a problem. Meanwhile, anne gearan, were probably going to see donald trump in the debates, hes clear clearly in the top ten, could dominant the stage. Absolutely. He does an amazing thing, right, he can just absolutely suck the oxygen away from other people, suck the attention away from other people, hes doing it right now. I have to disagree with you, congressman, hes taking attention away from some of the candidates that are saying things that eventually, probably be what the election is decided on, and hell be able to do that in debates. Look, hes actually provided a chance for these candidates to separate themselves. Actually make the statements and reactions. So, again, hes a foil in the debate, but i dont think hes going to be a factor at the end of the race. How long do you think he stays in the race . As long as he wants to, he has enough money to stay in as long as he wants to. And bill, you point out that the big danger for republicans could be if donald trump decides to pull a ross perot. Yeah, if he runs third party they could be dangerous. Genuine concern about the surge of Illegal Immigrants and the fact that some are criminals. The way that he said was crude and reprehensible. What happened in San Francisco was a tragedy to the young woman, and its clear that somewhere along the line the immigration system failed allowing this man to be still on the streets. Dompld donald trump ride to imply that because one guy committed a crime, all immigrants and all people from mexico are like that and that is incredibly offensive. He did say that, bill. Rick perry sat here and just did it. Look at the quotes. Look at the guy. You have 20 people running. Jeb bush did it. Look, you dont respond to everything everybody says in a campaign. I havent noticed anybody embrace those remarks. What is Hillary Clinton going to do with those Bernie Sanders voters . Bernie sanders is giving Hillary Clinton a pretty serious headache on several fronts. Hes drawing much more larger crowds and enthusiastic crowds. He raised a respectful 15 million. She raised 45 million, which squashes him. But he wasnt even really trying. She went to nearly 60 fundraisers and he went to two or three. Hes doing something that they knew was going to happen to a degree, but probably not by him. How do they handle the threat . Well, i think that Hillary Clinton is not taking this nomination for granted. And early on, before there was real competition, people were complaining about a coronation, well, its clear there is no coronation now, theres a legitimate competition. I think shes going to take that in stride. At the end of the day, i think this can only be good for democrats, because you have more than one person energizing that base. A little competition is a good thing, youre right, it takes away the coronation argument, it neutralizes it to some extent. It actually helps her raise money to some extent. Bernie sanders has more individual donors at this stage than barack obama had in 2007. Hes being underestimated. We have been talking about the republican debates. Which ten will make it. The first debate is early august, isnt it . Will Hillary Clinton not have to debate Bernie Sanders . They have democratic debates set up. Lets see. Im really looking forward to that first debate. Im looking forward to Bernie Sanders pointing out to Hillary Clinton that she voted for the iraq war, shes very close to goldman sachs. Its going to be is a fun democratic debate. Shes still up by 22 . I suspect that will get to within single digits. It will be a competition. Ultimately Hillary Clinton will be the nominee. We got to take a quick break. When we come back two major stories unfolding overseas, the Nuclear Negotiations with iran the financial crisis in greece well analyze all the latest. And well look ahead to the world cup. Which brings us to our powerhouse puzzler. The u. S. Last won in 1999 with this penalty kick who knocked it in and who did the u. S. Beat . Well be back with the answer. Announcer this week with George Stephanopoulos brought to you by hp. Our enterprise and you can move the world. But to get from the old way to the new youll need the right it infrastructure. From a partner who knows how to make your enterprise more agile, borderless and secure. Hp helps business move on all the possibilities of today. And stay ready for everything that is still to come. How do crest 3d White Whitestrips compare to a whitening toothpaste . Ts see the paste didnt seem to do much for me. The whitestrips made a huge difference. But thats not fair. Haha. Crest whitestrips work below the enamel surface to whiten 25x better than a leading whitening toothpaste. Crest whitestrips, e way to whiten. When Kevin Jorgeson needs light, he trusts only duracell quantum because it lasts longer in 99 of devices. 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But there is no guarantee. Getting to yes requires the courage to compromise, the selfconfidence to be flexible. The maturity to be reasonable. The wisdom to set aside illusions and the audacity to break old habits. Thats the Iranian Foreign minister echoing president obamas awe daisty of hope. Just days ahead of the latest deadline, the optimism from the iranian side unwelcome news to our next guest, tom cotton of arkansas. Senator cotton, welcome. This morning what do you make of that optimism from the foreign minister of iran . George, its good to be on with you. Iran is an antiamerica regime thats killed thousands of americas from iraq to beirut. That vid over the weekend, with his smug tone shows just far down the path we have gone to irans position. Iran had been negotiating from a position of weakness. This is not like Russell Wilson and cement seahawks trying to reach a contract that makes everybody happy. Iran should have faced a simple choice, they dismantled their Nuclear Program entirely or face economic devastation and military destruction of their nuclear facilities. As this video shows, they think theyre negotiating from a position of strength. He goes on to say that those like you who believe that will iran will submit to military coercion are delusional. If thats the case, they wouldnt have come to the negotiating table to begin with in november. It was the fact of sanctions in 2013 and the threat of even tighter sanctions that drove them to the negotiating table. Thats why we shouldnt have let up those sanctions. We should have insisted on the simple terms that president obama himself imposed at the outset of this. Iran dismantle their Nuclear Program entirely then theyll get sanction relief. You know, some of president obamas former advisers have echoed some of their concerns, but they say that if you get a deal that provides for inspections of irans military sites, until it proves that iran is meeting the terms of the deal that it would be a good deal and it will give the United States and the world 10, 15 years of breathing space, why isnt that good enough . George, its notable that some of president obamas own former advisers have begun to walk away from the proposal that hes made. If theres no sanctions relief until theres a longterm performance on irans part, if they fully answered all the past work to weaponize their Nuclear Program, that might be a better deal. It doesnt address the concessions that have already been made, by letting them keep the centrifuges and their Ballistic Missile programs. And destabilize the middle east. Finally, senator, you said the u. S. Military strike against iran could succeed in short order. Isnt iran in a better position to retaliate than Saddam Hussein in 1998 . Arent you worried about striking out iran might strengthen our other threat, isis . No, george. Its not the first choice, but military force does have tory to remain an option if our diplomacy is going to be important. President obama said that we spend 600 billion on our military. The clear implication is that the fact of the matter that we have unique capabilities and we can destroy Irans Nuclear facilities and their command and control facilities, and all of our allies in the region wish we could take a more forceful position by keeping that military option on the table. Because it will result if a better deal. Thank you for your time. Turning to ben cardin. You just heard senator cotton saying that he doesnt believe that the administration could reach a deal. Have you given up hope . If they reach an agreement, it will be pretty close. It will be judged by the terms of the agreement. The best option is a strong agreement, well have a chance i hope soon to see that agreement. So, what is your bottom line on what that agreement has to contain . Well, enough time that we can through inspections determine whether iran is complying with the terms of the agreement. Its got to be comprehensive. Prevent iran from any steps towards producing a nuclear weapon, which means that you have to have full inspections and inspections of the military sites and to determine if they use covert activities in order to develop a nuclear weapon, you have to be able to leverage the sanction relief to the actual progress theyre making. You need to know the history of their Nuclear Program so that we have a baseline moving forward. These are all critical terms that must be in an acceptable agreement. But as you know, secretary kerry has indicated for example, it may not to be necessary to have a full look back at the iran Nuclear Program. I think you have to have a lookback. Whether they have to acknowledge in the past i think that was what secretary kerry was talking about. But the inspectors need to know what has taken in the past so they have a baseline moving forward. We need to know their military dimensions. Thats necessary in order to have effective oversight on irans programs. Depending on when and if this deal gets done, review the terms of this deal, are you confident that the administration will be able to pass a deal . It depends on whats in that agreement, the best option is a strong agreement. Congress will do an independent oversight. I was very proud working with senator corker, we got unanimous support in our community and nearunanimous support in congress for congressional oversight. Well have a chance to review this agreement and well be able to see whether in fact we have open inspections. Whether the sanction relief is commiserate, what type of reer is as much allowed to go forward. We can properly evaluate and decide which actions would be appropriate for us to take. Senator, thank you for your time this morning. When we come back the world watching greece. We talk to the greek finance minister and paul krugman next. Finance minister paul krugman next. Were going to turn now to the crisis in greece, officials there warn that banks could run out of cash as early as tomorrow after the country defaulted this week on its massive debt load and voters at the poll right now to decide whether to accept tough conditions tied to the international bailout. U. S. And global stocks all at stake. Abcs Alex Marquardt is on the scene. Reporter good morning, george. Polling stations across greece like this one filling up as the days go on. Millions of greeks expected to turn out to vote today. The country couldnt be more divided over this historic referendum, which could impact its standing in the european union, and of course the Global Economy. The banks were closed this week so they didnt run out of money. There were endless lines at atms where customers were only allowed to take out 67 a day. Calling the increase austerity measures a humiliation and a form of economic terrorism. But others are warning that a no vote could lead to financial chaos and collapse and might create a ripple effect. So a dramatic day here george and whichever this vote goes there will be a very bumpy road ahead. Alex, thanks very much. Were joined by the finance minister yannis stournaras. You promised to resigned. We had a very radical idea, ask the greek people to deliver a verdict. Do they want to implement this agreement, which we consider to nonviable. Or carrying on negotiating, empowered by them to do so. If they say yes, were going to respect that. That doesnt mean im going to be the finance minister that will sign on the dotted line. An agreement that i told the greek people thats not viable. If theres a no, sir, if they cant reach a deal with you and Bank Officials say theres not going to be money left tomorrow or tuesday, how can you put together a deal after a no vote . I believe that the only way of putting together a viable deal mutually beneficial for us and europe and the Global Economy is with a no, the reason why the banks are running out has nothing to do with the situation facing the banks. This is a politically engineered liquidity crisis. From our negotiating partners to switch off liquidity and thats why theres no money in the banks. The moment we have an agreement with within the group, there will be liquidity. The question is, are we going to establish Common Ground between ourselves and the institutions . I think that where there is a will there is a way. Theyre saying theres no way it can be done, that greece will at least temporarily have to leave with the euro. How do you expect to deal with people once you called terrorists . Anybody who talks about temporary withdraw from the Monetary Union, doesnt understand how the Monetary Union works. The moment you have any kind of depap church from the Monetary Union, it seizes to be a Monetary Union. Youre talking to an american audience, can you ensure watching here what happens in fwrees doesnt rock the stocks and cause a worldwide crisis . The markets dont get rocked. But, george, let me say this to you, the eurozones approach to the fiveyearold crisis, has undermined the capacity of the Global Economy to recover post2008. I have no doubt that both the Federal Reserve in washington, d. C. , and the u. S. Treasury are looking at what europe is doing with a great deal of trepidation, because the austerity drive that has become in greece and spreading everywhere in european is turning into far, far worse. With a trade surplus, which is gigantic. Its dynamite. In the foundations of the Global Economy. And i think the United States have a great interest in seeing that the austerity drive that started here in greece ends so, theyll have a rational Economic Policy not just for the sake of europe but the Global Economy. Mr. Minister, thank you for your time this morning. Thank you, george. Let me bring in now paul krugman and rebecca jarvis. Paul let me pick up where the minister has left off. The United States has an interest in this. Break it down, whats at stake with this greece financial crisis . Greece is not a big economy. If you ask how much direct spillover from what happens in greece is not that much. If you ask what it does to the european economy, directly a not that much. But if greece falls out of the eurozone and the european union, god knows what happens, then were saying the euro, europe which is our main counterpart, an economy as big as americas, is coming apart, that everything was supposed to be irreversible about the movement to a closer union is in fact quite reversible. What does that mean, if greece falls out, youre at the threat of spain falling out, portugal falling out . Thats right. In the end, this is political. You have the european elite. We know what were doing, trust us, were leading europe to a future of prosperity and domesticsy. Now, it looks like theyre undermining governments that dont vote the way they like, and thats got to be a terrible thing. Its hard to know exactly if you like the roads from here, if everything goes wrong, to a far right government in france, its a road towards collapse of the italian political situation, although probably spain would be the first country in the firing line, where they have a movement not much different and rebecca, some nervousness in the markets. The markets said, not a big deal at all. Why the complacency so far . This has been going on for five years. We have had five years to question what will happen this weekend. But ultimately, i think the market expects to see the vote today as a yes vote, thats why you saw after that first start of last week a very nervous start, you started to see the lines, the pressure that the greek people are facing, how bad it is getting in the streets, theyre running out of medicine, theyre running out of money. Theyre running out of gas. The people according to markets are going to vote in this. If they dont, thats where we see the gap lower, the immediate gap lower, 1 to 2 . Is what most wall street analysts are expecting. The market tomorrow would be very uncertain. This also brings up, as paul pointed out, a much bigger question coming up, because you have spain, italy, ireland, portugal, all dealing with their own debt scenarios and worldwide theres 180 trillion in debt worldwide. Thats a question for the markets to consider going forward. Because does that debt mean for our future growth . Its a claim on the future growth. Whats the way out here . Wow, the problem is, the whole european strategy has been one of more through austerity things will solve themselves. Its not working. In effect, europe is saying, it will work if you secede to our demands. If greece had its own currency, we should say for sure devalue it. Otherwise, god knows, this goes on forever and forever. I think people are way too come placent about europes ability to contain everybody thinks that mario at the European Central bank has powers to affect the greeks no vote. The polls close in just a few hours. Thank you both very much. Coming up the u. S. Womens World Cup Soccer Team hoping to win their first world cup since 1999. Espns julie it is japans world cup and that was the moment that cost team usa the world cup against japan back in 2011, today the usa womens World Cup Soccer Team looking for payback in vancouver. Julie foudy is here with a look ahead. Julie, what do you expect tonight . Well, george, i think the u. S. Is in good shape, actually, after a little bit of a rocky start to this tournament, they have struggled offensively but they have been riding a really good defense and everything is finally coming forward. Theyre getting their offense in line, theyre looking good, theyre confident, we spoke to a lot of the teammates yesterday, they said, look, we have one more game. This isnt done yet. We know its been 16 years since our last world cup. One more game to change that and bring home the world cup times. I think theyre very confident. They seem confident. As you point out their defense has been so solid all throughout this tournament and of course, the chance of a rematch against japan, the chance for some sweet revenge . Oh, my, gosh. Its all they call talk about it. Abby wambach, the star of this team, shes said, look, the game happened on july 17th, 2011, it was four years ago, i know the date, i know everything about it, she doesnt remember any other date. Of any other game. But she remembers that and its because of the way they lost. Up twice against japan in the last world cup. They lose the first lead with 9 00 to close it out. Second lead with 3 00 away from hoisting the world cup. They go on to penalty kicks, of course, to lose it. This is something that has burned and sat with them for four years. Theyre looking toward to a rematch with japan. Thanks for joining us this morning. Well be back with more roundtable after this. Morning. Well be back wit announcer catch this week online all week on abcnews. Com, on facebook and on twitter. And were back now with the roundtable. Want to take a look at the week coming up. Headline youre watching for. Senator cole . I think the president is going to sign the deal with iran and congress is going to erupt in opposition. Whether we have a deal with iran or not, there will be one, hopefully, congress will take some time to consider it. Will they have 30 days or 6 days, anne gearan . I think theyll probably have 30. I think theyll get a deal and i think that the republicans are going to accuse obama of putting legacy ahead of u. S. And sraeli security. Youre right, it will erupt. That will be the big story of the week, i think. Greece getting out, voting no would be interesting. I think look at ben cardin, in your interview, the democrats arent solid behind this deal. But the key objection is going that might swing the moderate democrats is the signing bonus. 100 billion right away released to a regime that Hillary Clinton said yesterday, continues to sponsor terrorism. Thats going to become before any interim period . Before we know theyre complying with the deal. They get a huge signing bonus, as its called, up front. I think that will be a big problem for democrats to vote for. Congressman, i was struck by the senator cardin as well, hoping there will be a good deal. George, i think people are trying to be thoughtful about this, which we should be. Im confident that the president isnt going to enter an agreement you cant inspect facilities, also an agreement that will lift sanctions all at once. Im confident thats not going to happen. If this deal has been changing publicly since april, in the direction of iran, i think the president missed opportunities. He should have walked away from the table. If you look at where were headed, the times arent hopeful. I would seriously doubt a majority in either half would favor it. But this is the problem with congress today. Is that people are saying no before they even see the terms of the agreement, thats whats so broken about it. I think were allowed to discuss what has been publicly floating as the negotiating positions. But keep an open mind to what the agreement is going to be. Well, lets see what the agreement is going to be. Well, but theres much more to it than that, bill. Youre picking one piece of it. Well, you got a president that has been consistently wrong. He was wrong about getting out of iraq, he was wrong about what happened in yemen and libya. So, you have a history here going into an agreement that its hard to believe hes suddenly going to get it right here. What about this line of thinking that secretary kerry is too eager for a deal . I think secretary kerry has been the frontline negotiator here, so, whether its going to be a good deal or a bad deal, hes going to get the credit or the blame. As well as obama. But i think the negoti between he and the Iranian Foreign minister, they know one another well now. Theyve been doing this a long time. To your point of whether the president through kerry should have walked away, i think thats something that well be debating when we see the final terms of the deal. But, theyre at the end. They know exactly how far the other one has to go. I think at this point its really a question of whether the leaders back home are giving the negotiators enough room to come to that agreement. They know how far they can go. And the Supreme Leader in iran has laid out so many red lines. Not appeared to meet the bottom line s lines. They wouldnt be still be at the table if there wasnt some room, right . Thank you all for joining thus morning. And now, we honor our fellow americans who serve and sacrifice. In the month of june, two Service Members were killed supporting operations in afghanistan and iraq. Thats all for us today. Thank you for sharing part of your sunday with us. Check out world news tonight. Ill see you tomorrow on good morning america