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Transcripts For CNNW American Morning 20110916

the most pressing issue there is greece. reporter: yeah. that s right, ali. what i should also mention, though is that the markets have certainly learned over the last two years this euro in crisis has gone from bad to worse. what they wish for and, then, again, what politicians deliver. what they would ultimately like to see, these leaders agreen on a bold action on a statement promising bold action like raising the euro s bailout fund to cope with countries like greece that they re still having trouble paying bills and might also like a discussion about moo mooch mutualizing. germany, of course, is still very, very reluctant to fit the bill on that, ali. different finance abilities. so that mutualization or further union mayen very far apart. the international monetary fund christine lagarde has stern warnings about the prospects for recovery in europe. what did she have to say? reporter: yeah. not mincing worlds and in an interesting position, because this time last

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