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Detailed text transcripts for TV channel - MSNBC - 20120727:04:33:00

collapses, if the eurozone goes down, the world economy is going to get hurt very badly. mario draghi and the central bank can solve the problem. you see, they can print money, as much of it as they want, and lend it to the struggling countries. spain needs money or we all go under. here, spain, here s money. but they ve been saying this is against the rules for them, they can t lend money like that, and even if they could, they wouldn t because inflation is scary, but that crazy sentence there, that s them saying they might begin bending the rules, which is exactly what the market s been waiting for them to do. if you translate yields disrupting policy transmission are in ecb remit in normal english, it would say something like the eurozone collapsing to the point we can no longer do our jobs is something we have the power to intervene in, and it scares us even more than inflation does. the only catch here, we don t know how much draghi is willing to do. that is a very good sentence f

Detailed text transcripts for TV channel - MSNBC - 20120727:01:33:00

borrowing money. if they can t borrow money, they collapse. if the eurozone goes down, the world economy goes down very badly. mario draghi and the central bank can solve the problem. you see, they can print much, as much as of it as they want and lend it to the struggling countries. spain needs money or we all go under, here, spain, here s money. but they ve been saying this is against the rules for them, they can t lend money like that, and even if they could, they wouldn t because inflation is scary, but that crazy sentence there, that s them saying they might begin bending the rules, which is exactly what the market s been waiting for them to do. if you translate yields disrupting policy transmission are in ecb remit in normal english, it would say something like the eurozone collapsing to the point we can no longer do our jobs is something we have the power to intervene in, and it scares us even more than inflation does. the only catch here, we don t

Detailed text transcripts for TV channel - MSNBC - 20120727:08:33:00

collapses. if the eurozone goes down, the world economy is going to get hurt badly. mario draghi and the european central bank, however, could solve the problem. you see, they can print money. they can print as much of it as they want and then lend it to the struggling countries. spain needs money or we all go under? here, spain, here is money. but they ve been saying this is against the rules for them, that they can t lend money like that, and that even if they could, they wouldn t because inflation is scary. but that crazy sentence there, that s them saying they might begin bending the rules, which is exactly what the market has been waiting for them to do. if you translate yields disrupting policy transmission are in ecb remit into normal english, it would say something like the eurozone collapsing to the point that we can no longer do our jobs as central bankers is something we have the power to intervene in, and it scares us even more that inflation does. the only catch here is

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