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Countries like greece drop out of the euro zone? the influence of a president at one of the g 8 meetings depends largely upon the relationship that he has built with the leaders before the meeting. the meeting everything is cook by the time you get to the meeting. the sherpas who represent the governments spend months arriving at these declarations and you can see in the declaration from this gang of eight that everybody won. there is a paragraph, paragraph six about fiscal responsibility and photograph seven about growth and so i think angela merkle said it best. she said we talked about both threads and, of course, we will pay attention to austerity and growth. everybody got what they wanted. the president says i put an emphasis on growth and the chancellor of germany is able to walk away and say i held the line on fiscal austerity. what happens after this has huge ramifications and largely outside of the control of the leaders. what happens if greece basically thumbs its nose at ....
four hours or so. morgan stanley come out with a global note cutting its global growth forecast and saying the u.s., the world is dangerously close to recession quite frankly and naming a couple of different reasons why they think that global growth will not be as strong as they thought. among them, europe s debt problems and also mentioning what they call policy mistakes in the u.s. and also the drama about the debt ceiling. they say, overall, consumer confidence, business confidence, almost this negative feedback loop we are on the verge of people being so worried and not able to break out of that. lowering their global growth forecasts and enough to shake a shaky market which bank stocks in europe are down and real concerns about the debt crisis in europe. still even after france s aaa rating was reaffirmed. an icky situation here this morning. the dax and ftse is down and cac is down also. bracing for a big sell-off this morning. saw new data from the united states. ....
Recently, texas governor rick perry distanced himself from george bush saying i went to texas a&m, he went to yale. that s what he said. he s been feeling confident to say don t worry, i m not as smart as george bush. welcome back to morning joe. global markets after a meeting with nicolas sarkozy did little to soothe investor concerns about the economy. we are live in london with a look at overseas markets. what is the merkle-sarkozy plan? ....
Pass sharia law, can we learn lessons from what s happening in europe with regard to multiculturalism? we ve talked about this before. it s so encouraging for people to come out and stop worrying about being so politically correct and you heard sarkozy say it, merkle say it, tony blair say it, everybody is saying it. what do you do to change it? not saying it here. we re not nearly as bad. i ll give you an example. as an irish and italian person, mayor bloomberg came out and made a comment to the irish about the irish drinking. on behalf of the irish people, i don t care. i m over it. i don t care. can we please get over it? i m with you. we re too lawsuit happy. that s the problem. too politically correct. uh-huh. all right. what do you think about that? e-mail us, friends at foxnews.com. there s no doubt these politicians are weighing a run for the white house. but is there really any truth to the latest poll from cpac? ....
Egyptian people are clearly, clearly happy as they enjoy the second hour, really, of their freedom. the question is, what comes next? the hard business of governing. world governments are trying to encourage this and trying to steer this as best they can. germany s chancellor angela merkel issued this statement: today is a day of great joy, merkle told a news conference. we are all witness to a historic change. i share the joy of the people of egypt with the millions of people on the streets of egypt. let s get back to peter brooks, he s a senior fellow at the heritage foundation. so once the euphoria wears off, peter, how do they get about the business, the very tough business of rebuilding a state that is in deep trouble in so many ways? it s a very long to-do list, and we don t know exactly how this is going to play out. i hate to say we ll see, but that s exactly where we re at at this moment, jon. ....