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good to be here. all right. for all the talk about tax cuts and rebuilding bridges it s what s happening overseas and to a certain extent it s out of our hands that may seal the fate of the u.s. economy. so without significant steps from the eu, the greek debt crisis that we were just talking about earlier threatens to spill out in every direction. and ready for what this means? angela merkel could hold the keys to president obama s political future. our guest is the president of river tries research and contributor to the daily beast. let s go through wallace goihat on in berlin. are they going to come up with the money to bail out greece? there was a big vote yesterday that authorized this multi-acronym bailout fund of about 440 billion euros which is about $600 billion u.s. every single one of the 17 euro countries have to ratify this to have it go into place. everything the fed did had to go through every single state legislature. it s a complicated process. but, you know, wi ....
Detailed text transcripts for TV channel - FOXNEWS - 20140402:08:17:15 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.
Detailed text transcripts for TV channel - FOXNEWS - 20140401:21:17:15 comparemela.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from comparemela.com Daily Mail and Mail on Sunday newspapers.
Momentum and the control. the later development would be affected by that rocky beginning. so they have a major challenge and i think unless they move quickly, they re going to have a serious problem in tripoli. they have a cash flow problem. they ve got to pay government workers, try to get a government stood up and the u.s. and others are having problems disentangling those sanctions which are so hard to unfreeze. it s unbelievable all the procedures. $30 billion u.s., $20 billion i think from the uk. more around the world. but only about 10% here is liquid and of that they re trying to get $1.5 billion susan rice the u.n. ambassador told us. what are you hearing about money and cash on hand? this is a country that is rich on paper. they have almost $150 billion in frozen assets throughout the world as you mentioned the united states and england and others. but they have a cash flow problem. yesterday the turks did something fascinating. ....
Traffic. they re upset about the power not being on. i get that. but let them come to wayne and see what we saw today. those people have had their homes destroyed, their belongings destroyed. they have to start their lives over from this perspective. if you see that, you can do without power for another day or so in the grand scheme of things. it will be months before a full financial assessment of hurricane irene is finally complete, but a preliminary summary at least coming from the national climactic data center says this will be the $10 billion u.s. disaster of the year. now the attention, of course, is turning to fema as states are balgtszing for money and assistance that they need as it also may be running dry. the agency could soon face yet another political battle. here s our colleague nbc s tom costello with more on that story. reporter: the latest estimates for rebuilding from irene already $7 billion. as natural disasters go, 2011 is shaping up to be a bad year. winter s ....