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Europe’s Revolving Pain

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  • Description

    FBN’s Stuart Varney sounds off on the continued bailouts of EU nations.

  • Duration 1:56
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This transcript is automatically generated

Almost time his might take all the long running crisis known as Europe now this is not a complicated story.

Here's the latest the -- -- government of Spain has been forced to borrow from its own banks nobody else would lend them any money.

But now those banks have run out of money to so they being rescued -- money from other European countries.

See -- the money goes around and around and around it really is an endless cycle of borrowing debt and recession.

So you can see how which simply cannot go -- right.

Assimilate but -- -- print trillions of euros in one gigantic mass by about all some countries crash drop the Euro and print trillions of their own new conferences.

I am suggesting that one of those two extremes will arrive at some point in the future.

Look at it from that side for a second.

If your job and why should you pay for everybody else to retire early and avoid taxes know if you don't want to -- a let -- crash.

If you're spending it or Greek why keep your money in the bank why keep it in Spain -- Greece you want to bail out so you can take the money and run.

It's gonna be one all the other bail -- crash.

President Obama has a big stake in this a crash of of that his reelection over -- yeah.

He wants the bailout -- -- crash please my guess is this Europe will print and bail tell me.

Which politician faced with a a financial disaster says.

David I would focus on Germany Richard your oil -- just said that he is focused on -- ever started about whether.

Greece will leave the Euro or or or Spain or Italy.

He says the real question is whether Germany will the flip side of countries spreading a lot of money making their economies week is Germany.

Germany's worried about its economy getting weak -- -- -- have the other did they say go ahead and bail.

All it does -- go ahead and crash the German people might say we'd rather be on our own guests go back to the German market is -- --

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