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Transcripts for CNN Fareed Zakaria GPS 20130526 17:08:00

They re forced to undergo a budget cutting process which probably they should have undergone a decade ago which is really more of a basic reform process. that s not quite the same thing as what s the argument in the united states or the argument here. so whether austerity works or doesn t work, it depends what is the purpose and what is the goal. and it plays out differently in different parts of europe and the world. the country you live in much of the time, poland, has had pretty strong growth. poland has had strong growth all the polish economy is closely linked to the german economy, and if the german economy declines, it will be bad news for poland but poland has had a very good five years, it didn t have a recession. the polish prime minister gave an extraordinary speech. this is a conservative who said britain is in danger of becoming irrelevant if it doesn t jump into europe more fully. since he is your husband, i was wondering do you agree with him? yes, actually, i do ....

Budget Cutting Process , Reform Process , United States , Western Europe , Doesnt Work , Stopped Growing , Prime Minister , Bad News , Doesn T ,

Transcripts for CNN Fareed Zakaria GPS 20130526 14:08:00

Austerity debates and what s happening in britain is not the same as what s happening in greece or the united states. the politics and the economies are different. in greece, for example, the greeks don t have the option of borrowing because nobody will lend to them. their ability to borrow is determined as much by the bond market and by their relationship with germany as anything else. they re forced to undergo a budget cutting process which probably they should have undergone a decade ago which is really more of a basic reform process. that s not quite the same thing as what s the argument in the united states or the argument here. so whether austerity works or doesn t work, it depends what is the purpose and what is the goal. and it plays out differently in different parts of europe and the world. the country you live in much of the time, poland, has had pretty strong growth. poland has had strong growth all the polish economy is closely linked to the german economy, and if the ....

Don T , Austerity Debates , Budget Cutting Process , Bond Market , Reform Process , Anything Else , Western Europe , Doesnt Work , Stopped Growing , Bad News ,

Detailed text transcripts for TV channel - MSNBC - 20110329:18:33:00

Being talked but because there isn t a hard number on what the involvement in libya will cost but everyone here understands it will be a big number. and when you refer to majority leader reid s comments this morning, soft spoken and a bitten couraging, that happened before a new piece of news, and that is t the new york times reporting on a conference call with reporters where senate democrats were going to talk about the budget issue. and senator chuck schumer, who is in leadership, was talking to his colleagues, encouraging them to use the word extreme when referring to republicans and their process. apparently not realizing that reporters were already on the line and listening. now republicans have jumped on that saying that it shows the democrats are not serious about the budget cutting process and trying to save money while reaching some sort of agreement. you ve got the warring points of view here where democrats have said that tea party is to blame, holding back republicans, ....

Bitten Couraging , Isn Ta Hard Number , Ohio State Senate , The New York Times , Chuck Schumer , Budget Issue , Conference Call , Budget Cutting Process , Points Of View , Tea Party ,