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Detailed text transcripts for TV channel - FOXNEWS - 20150712:20:34:00

measures. now the budget deficit has gone down. but growth has shrunk by a quarter. so the percentage of debt to gdp is 180%. yes. that s impossible to sustain. yeah. i just made the comment about the shoes and stuff just to kind of break it down. of course. so people can understand what we re talking about. not that our viewers are smart, don t take me wrong, but i do realize this is a serious situation for the people in greece as they are wondering, you know they can t even get more than $67, you know out of the atm. i will tell you though that just taking a look at some historical things that haven t been brought into the discussion, ireland went with without a banking system and had a huge banking crisis in the area 6 o s and 7 o s, for six months, no banks. and the economy was okay because people used ious they endorsedecks. people figure a way around things. the problem in greece are these

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