You're watching...
What Should Greece Do?
Details
-
Description
FBN’s Stuart Varney sounds off on Greece’s call for referendum.
- Duration 1:22
- Date Nov 1, 2011
You're watching...
FBN’s Stuart Varney sounds off on Greece’s call for referendum.
Also in this playlist...
Auto-advance: ON
Auto-advanceThis transcript is automatically generated
-- -- if you -- Greek -- would you do your economy is a mess you off facing what amounts to a depression.
And you still -- the Germans an arm and a leg.
Will you accept all of -- here is my take on the Greek referendum.
Sometime in January Greece will vote yes -- -- on the bailout from Europe and the austerity that goes with it.
Take the bailout money stay in the eurozone and accept the -- what you wanna do it yes all know.
I repeat if you a Greek what would you do.
It's not as simple as it seems vote no and the pain that does not go away in fact in the short run it gets a whole lot worse.
Because Greece's economy truly crashes.
The government would have no money and he could not pay its vast government workforce real chaos.
Vote yes to the bailout and you've still got pain and pain that stretches out -- years and years and years meanwhile.
As Greece considers how to vote what will the Portuguese do.
And then what about Italians.
Europe is again in limbo.
Two final points -- it's obvious that the European neo socialist model is finished -- gone.
And second President Obama should think twice before he keeps driving down that European wrote.
--