he went out to the press room here. they were very good conversations. the french and the germans the same level of concern out of them about what they re saying from russia as we have. now each country in the alliance has to act within their own dictates. both of them are deeply concerned about what we see russia doing. both of them are incredibly strong nato allies. germany hosts thousands of u.s. troops on their soil we could not afford the wars in iraq and afghanistan without their support. they very much are strong allies and we are confident nato is going to stay united to quickly also ask you a little bit more about the energy policy. a lot of this has to come back to where do you get your information this is a wall street journal editorial from this week the self-created vulnerability of the west is one of the horrifying marbles of the age. you have to go back to the disarmament of the 1920s to recall a time of such willful self-delusion. even as president biden races to rescue
here. they were very good conversations. the french and the germans the same level of concern out of them about what they re saying from russia as we have. now each country in the alliance has to act within their own dictates. both of them are deeply concerned about what we see russia doing. both of them are incredibly strong nato allies. germany hosts thousands of u.s. troops on their soil we could not afford the wars in iraq and afghanistan without their support. they very much are strong allies and we are confident nato is going to stay united to quickly also ask you a little bit more about the energy policy. a lot of this has to come back to where do you get your information this is a wall street journal editorial from this week the self-created vulnerability of the west is one of the horrifying marbles of the age. you have to go back to the disarmament of the 1920s to recall a time of such willful self-delusion. even as president biden races to rescue europe, his bill back better
through this huge imf bailout. the same thing that happened to aig. once you stuck money in it, it went to banks. that s what they re doing. back door bailout for banks. you ve got to let these countries start dealing with it themselves. there is no hope. i don t believe, in my opinion, for greece and probably a couple other countries. sally, the bailouts that we ve seen, whether it s companies or countries over the last couple of years, overall global taxpayers are frustrated. i mean, do we need to be still helping out europe to save ourselves? do we put the u.s. taxpayer at risk? i agree with john, these are all most of the plans here are government trying to help their own banks, including banks in the united states. not worrying enough about what s affecting the people on the ground. but the reality is the united states has skin in this game. a fifth of our export economy is dependent on europe and our exports have recently dropped by 11% because of the trouble in europe. so
since march 09. now up 7% year-over-year. bill: analysts saying a short-term fix is not the answer. leaders need to come up with a long-term solution with a massive debt problem that hits the entire continent of europe. stuart varney is with us. good morning. where do you want to start on this, stuart. yesterday europe rode to the rescue a short-term fix for europe s credit crunch. have not fixed in any way europe he s debt mess. two things are needed pretty soon. europe has to come up with its own huge pot of money to rescue it telephone. we re talking trillions here. number two, they have to change the rules in europe. the germans will have to dominant tax-and-spending policies. italians, greeks spaniards, frenchmen, how do you think that will go down? bill: this is big deal here at home. are you saying it is not a big deal over there? our use of american