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The Greek debt crisis that's the majors and so on for the world's markets right now and the security to.
Introducing that element of the destruction is Fox News contributor Judith Miller she is -- right yeah just welcomed the program.
Nice to be here you think that Europe financially.
Is falling to pieces that that just putting band aids on a crisis and it won't woke that -- -- and tunnel decline he says 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 -- 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 -- Economic problems -- have to do things they probably can't do it was an amazing statement and a very ominous one.
-- it is that's very almost and he doesn't dial warning from Britain dire league's Central Bank -- and I think he's absolutely right it is yes so it's -- Europe continues to decline.
I have a smaller role in the world.
Including Libya what to combat aspect together and -- 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 know.
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 wait 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 -- -- do it this cannot last because the American taxpayer isn't gonna stand before the event.
Destabilize as the wills to -- they -- and I 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 -- if the Greeks cannot do this with a socialist prime minister.
With an amazing amount of goodwill in him if not in the government then I think we're all in trouble.
-- I suppose if they accept the austerity they vote yes will take it.
Give us the pain will take it and it was the money as well that's.
-- to think it lands.
Nothing laughs but it's going to buy them some breathing room to do what -- adjusted for example they made three point 8%.
Cuts again in budget.
To offset you know the kind of a laid the pressure that's inevitably going to come on them to do the same thing that -- is doing.
To sum it up over the long term use in Europe and I'm not sure I'm not proud -- -- was in your -- 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 wouldn't raise the same questions about 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 that yeah.
I can I worry about national security -- 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 condemned.
Judith Miller -- at the New York Times I think.
Her voice of authority right -- -- Fox Business Network says Judith thank you very much indeed we do appreciate nice to be here.
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