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Detailed text transcripts for TV channel - FOXNEWS - 20120419:20:58:00

Away. to jim le camp who said all the money just made it worse. explain that one to me. stuart, a lot of that money got redeposited at the central bank, so it doesn t get into the economy that really need the money. what it did, it got redeposited or used to buy government debt, spain and italy. and so what you have done is you bought time for the government. bought more time for the government. bought more time for the banks. but if none of that money got in the actual economy. 20% unemployment in spain, that wasn t addressed. the 20% unemployment in greece, that wasn t addressed. at the end of the day, more debt. nothing solved. look, there is only 21 billion euros left. that is about half of what greece is going to need or spain is going to need the rest of the year. it s more of the same, then, is it? they are going to print some more money or somebody defaults and they crash. that s the choice, isn t it? i bet they go for printing more money. i think you agree with me. ....

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