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Detailed text transcripts for TV channel - FOXNEWS - 20120214:00:16:00

government actions. listen. it s not simply that the greeks are procrastinating because he they don t want to implement. it is that they lack, in many cases, the capacity to implement some of these complicated programs. for example, the greek government three years ago did not have a computerized budget system. is which unbelievable in the 21st century. so in professor parker s view it s as much a he question of the technical ability to delivery form as it is political will. no computerized budget system? three years ago. just three years ago. shepard: if this bailout doesn t happen, what does that mean first for greece and for all of us here as well? for greece it s likely to mean economic collapse and the country being forced out of the eurozone. that, in turn, could further destabilize some the already wobbling european markets. in fact, we heard just tonight from the ratings agency moody s that they are downgrading italy, portugal,

Detailed text transcripts for TV channel - FOXNEWS - 20120214:00:15:00

windows smashed as police were unable to contain the rampaging crowd. in athens, ashley webster with the fox business network. shepard: the new cost cutting moves were part of a deal for greece to get a second bailout from the european nation. but tonight, it s all unclear whether that bailout will come through. the chief fox report correspondent jonathan hunt is with us tonight. why is the bailout still up in the air? i thought this was supposed to do it. in one word, shep. trust. europe peep officials have seen the greek government fail to deliver before on these kind of reforms. they are worried that the same could happen again now. so they are now asking all of the leading politicians in greece to sign pledges saying that they will follow through with these reforms before they release the billions in bailout funds. now, i spoke to richard parker earlier today. is he a harvard economist. he has been advising members of the greek government for the past two and a half years. he say

Detailed text transcripts for TV channel - FOXNEWS - 20111108:00:25:00

economy. but it s the european economy s continue to collapse. those exports dry up, american companies have to lay off workers. also, the 401(k). every time there is a problem in europe, markets here take a dive. that effects everybody s 401(k). as professor parker put it to me, shep, pretending that it doesn t matter is rather like looking at pearl harbor and saying that s in hawaii. it s a long way off. it does matter. shepard: clearly it does. jonathan hunt, thank you. the actress lindsay lohan s legal drama kept us entertained for months but when it came to doing the time, that part proved to be anti-climatic. she is free already. for the same reason that may give michael jackson s doctor a get out of jail early card. we will explain all of that as at bottom of the hour approaches with the top of the news on fox report. of a role in my own life, but with advair, i m breathing better so now i can take the lead on a science adventure.

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