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The Manhattan Institute’s Judith Miller argues the situation in Greece is the beginning of a European decline.
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The Greek debt crisis that's the major -- on for the world's markets right now and the security to.
Introducing that element of the destruction is Fox News contributor Judith -- she is with -- right -- just welcomed the program.
This to be here you think that Europe financially.
Is falling to pieces that they're just putting band aids on a crisis and it won't woke of that full Europe's in terminal decline you say that.
I think that there is a real danger of that I think you can see it.
In the words of sir Mervyn King the British central banker who said I know we're all focused on Greece this week but the fact of the matter is.
Even this package of loans and help.
It's just a band -- it's not going to solve Greece's -- for all.
Economic problems they have to do things they probably can't do it was an amazing statement in a very ominous one.
Yet it is that's very almost and he doesn't dial warning from Britain dire -- Central Bank asked and I think he's absolutely right it is yes -- -- -- Europe continues to decline.
And comply.
Ever smaller role in the world.
Including Bolivia -- combat aspect to get -- forces to make any kind of action whatsoever and you see this is to nominal decline.
I see it as.
Heading in that direction unless the Europeans really examine themselves and where they're going -- Secretary Gates on his long farewell tour gave another real warning to NATO.
NATO Greece of course has been a long standing member of NATO if you don't.
Full year your weight you don't do things that you have to do to have this alliance you -- have this -- the ticket.
But they can't and that's why -- the United States still shoulder 75% of the burden.
This is not going to in viewers do it this cannot last because the American taxpayer is gonna -- for the that.
Destabilize as the wills to some between -- and that's pretty ominous stuff Judith I think that's why we all have to be focused on that little country that we all love.
Greece this week because so much is at stake fare if the Greeks cannot do this -- this socialist prime minister.
With an amazing amount of goodwill in him if not in the government -- I think we're all in trouble.
OK supposing they accept the austerity they vote yes we'll take it.
Give us the pain will take it and give us the money as well that's.
-- -- -- -- -- -- Nothing laughs and it's going to buy them some breathing room to do what Spain adjusted for example they made three point 8%.
Cuts again in budget.
To offset you know the kind of a -- the pressure that's inevitably going to come on them to do the same thing that Greece is doing.
To sum it up over the long term -- -- Europe and I'm not sure -- and product what was an amounts.
But you've you've issued a sort of a dial warning through the mouth of moving king Britain's central banker you know see Europe going anyplace -- do.
I'm afraid I don't -- but I would raise the same questions on the still.
Do we have the fortitude to do what needs to be done to get our economy on track and your answer for America it is.
We'll wait and saw -- -- yeah.
Unless I can I worry about national security and foreign policy look I just don't know how this budget.
These budget negotiations are gonna come out nobody knows right now but I think -- a Mac pac has usually done when it needs to do when the crunch comes I'm just not sure the Europeans -- You can -- it fully at the New York Times I think.
Her voice of authority right -- the Fox Business Network series Judith thank you very much indeed -- -- nice to be here.
