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Moved from the realm of politics. a week ago the greek people said decisively no to an agreement or set of measures that the creditors demanded of them. four or five days later, alexis tsipras the greek prime minister essentially agrees to those demands with approval of the greek parliament. now particularly amongst the northern european creditors there is a question of can we trust this guy. they re fed up with him. whatever the rights and wrongs of the actual measures that they want the greeks to take there are a large number of people in northern europe particularly not just the germans, but say the fins or sloefacks who think the grexit is better. france and italy are keen to keep the greeks in. the really important person at the meeting this afternoon will be angela merkel. her finance minister wants the greeks out. he is talking about a temporary ....
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Have big consequence but in the shorter term i think things are not so bad. very quick. 30 seconds. would you agree with that that at the end of the day, you know things are looking better? yeah. absolutely. what doesn t kill you makes you stronger. and they could handle a grexit. on the other hand the political fallout is unpredictable. economics looking a lot better than politics. i worry more about what does this mean for people like putin. can other nations stir up more trouble if europe is seen as unable to get its house in order. i love the line china creates a new greece every six weeks. to put that in perspective. next on gps, the greek talks are not the only ones going down to the wire. the west s negotiations with iran were supposed to have been wrapped up two weeks ago and three deadlines have been passed. the next deadline is tomorrow. will they make it? or will this be a european kick the can down the road? find out when we come back. ....
Gdp in their deficit. that s like $1.7 trillion in the united states. imagine if we had to do half of that. and most of the austerity earth they felt has been that they had a credit card when the world markets saw that they were fracture u lent with their books, this he lied about their debt lied about their deficit. it got cut off. the creditors, official creditors came in and they definitely cushioned the blow but it was very hard to pay that kind of money. they have wrapped up a huge bill. it does need to be written down but most of the changes have to come from within inside greece. they to want to become a modern european state. we have 90 seconds before the break. can a appear or permanent grexit work or is this another lehman like moment? i don t think it s a lehman-like moment in the sense a lot of private creditors have gotten out of greece. ....
A lead editorial saying to stay in the eurozone the greece prime minister will have to jettison almost every promise he made to his voters. can you hear me zani? i m terribly sorry. i can t hear you. we ll go to the others. rauna, it always seemed as though germany at the end of the day was willing to bail out greece, that it pushed hard it really made it look like it was trying its damnedest. every time it stared at the abyss it pulled back to and told the european central bank provide the funds, it wrote the checks. this time seems different. i think this time is different. you re right that it seemed like germany s leaders were working to make a deal. if you spend any time in germany ....