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Detailed text transcripts for TV channel - MSNBC - 20150711:12:47:00

down. greeks could only take out 60 euros a day. if they were to do that for an extended period of time, the banking system would absolutely literally run out of cash. they have a deepening economic crisis, 20% unemployment rate. the youth unemployment rate there is 52%. without fresh funds they collapse and probably leave the eurozone and abandon the your roe as a currency being forced to go back to the old currency the drachma. what does that mean? does greece stay in the eurozone eurozone, what does it mean? it s both political and economic. if they leave the eurozone without any fresh cash it s bad enough that the greek economy has already collapsed by 26%. it would go into free fall. that would be horrible for the greek people. if the they exit the your pro-zone for which there is no legal mechanism in europe it would call into question the integrity of the single currency, the currency union in europe and whether or not

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