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FBN's Connell McShane and FNC's Monica Crowley break down the business week's biggest stories.
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I really don't finish -- no they did not hear this week but that's not gonna stop as we brought it special guest.
It's Monica Crowley aid to help us out then why don't I hated to see if you -- -- you bet we have three topics that we're gonna started off -- we have Greece.
The debt limit at a high tech hope -- so those -- the three -- number one at agrees.
The through the headline one of the big headlines in the week lawmakers there agreed to cuts in government spending.
In order to get down another big bailout package -- the EU the I have but the credit markets still are betting on a -- at some point for Greece on how much should we need.
As Americans care about what's happening there.
Outlook we should absolutely -- because put it in perspective Connell.
He debt to GDP ratio in Greece which is causing all of this upheaval in Greece and this since hitting all of these bailouts is 150%.
Right now in America this year we're gonna hit 870%.
Debt to GDP ratio 100%.
Is just around the corner so we -- -- be watching very carefully what's happening to Greece and take measures now to prevent it.
I don't think we're turning into the next Greece but I do think we have to care about that because a jolt to Europe is the last thing that we.
And our economy is credible already got let's bring up the debt question right now it's on our doorstep -- wanted to set a moment ago and after hammering congress earlier this week for getting into -- -- the best.
That president setting this new deadline of July 22.
To get a deal done and are -- question to the viewers Monica the last continue as well -- these deadlines.
Matter.
Mean anything well they've reinforced the August 2 deadline yet as of today.
Look I think -- the American people understand that there's plenty of revenue coming into the government concern.
But that's what we really talking about people.
Maybe it's technical -- -- But we certainly have the money has -- with the -- I don't think we're talking about a technical people but I do think we need to raise the debt ceiling at some point we didn't know what you are -- have to be significant spending.
Yes -- order to get.
I think it's gotten all the second is pretty close to a tight yet you don't get a -- -- -- look at some real issues in this country then there has.
The high tech hope the positives strikes again Pope Benedict the sixteenth already by that I -- dot YouTube is on FaceBook now.
He's on Twitter we found out out this week -- this first week announcing the launch of -- of his age and force praising Jesus offering is one thing.
Another sign maybe the Pope understands the information they don't call the new Pope Benedict -- so what hit and now we have -- -- that all we know he's not actually gonna be running its fingers over that blackberries somebody else is gonna do it quietly.
But I think it's fantastic it it was a great picture of him looking at a time at look at his Blackberry and I'm -- Went under what they're not doing here voice coming -- I got to be careful watch -- got to be careful that we don't need veering into reader bell that I don't I don't think it's gonna.
Well that's not a lot of -- -- about their -- -- the Pope.
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