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Detailed text transcripts for TV channel - CNN - 20100627:19:05:00

about the international monetary fund issuing a warning ahead of these summits saying a failure to get on the right page together is going to mean something like tens of millions of jobs worldwide and $4 trillion to global output that could be at risk. is it really that important what happens here at this stage of the recovery worldwide? well, i m not so sure. i mean, i think there is a big debate about how much government should keep spending and how much they should worry about their budget deficits. i think they re caught between a rock and a hard place because the debt levels are blowing up, and at the same time, the economy is not growing that strongly. i think as long as, you know, monetary policies stay with low interest rates, that s really the best we can do. christian, i m wondering, there are some competing ideas here. we ve got part of the world reining in their spending and really concerned about debt levels in the u.s. the obama administration is still saying we need

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