they ve felt has been that they had a credit card when the world market saw that they were fraudulent with their books, they lied about their debt they lied about their deficit. it got cut off. the creditors, the official creditors came in and they definitely cushioned the blow. but it was very to pay that kind of money. they ve racked up a huge bill. it does need to be written down but most of the changes have to come from inside greece. they have to want to become a modern european state. i see little will to do that. 90 seconds before the break, rana can a temporary or permanent grexit work, or is this another liamman like moment? a lot of private creditors have gotten out of greece. we re not going to see major international dominos. china creates a new greece every six weeks but i think it threatens the political integrity of europe.
gdp in their deficit. that s like $1.7 trillion in the united states. imagine if we had to do half of that. and most of the austerity earth they felt has been that they had a credit card when the world markets saw that they were fracture u lent with their books, this he lied about their debt lied about their deficit. it got cut off. the creditors, official creditors came in and they definitely cushioned the blow but it was very hard to pay that kind of money. they have wrapped up a huge bill. it does need to be written down but most of the changes have to come from within inside greece. they to want to become a modern european state. we have 90 seconds before the break. can a appear or permanent grexit work or is this another lehman like moment? i don t think it s a lehman-like moment in the sense a lot of private creditors have gotten out of greece.