Detailed text transcripts for TV channel - MSNBC - 20150711:

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

Related Keywords

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