MarketFoolery: 02.13.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 13 February 2012
⏱️ 18 minutes
🧾️ Download transcript
Summary
The Greek Parliament passes an austerity plan. Apple sues Motorola Mobility. Chipotle makes its commercial debut.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | It's Monday, February 13th, and this is Market Flory. |
| 0:05.0 | I'm Chris Ellen joining me in studio today for Motley Fool's stock advisor, Jason Moser, |
| 0:09.0 | and from Motley Fool Pro Jeff Fisher,men, happy Monday. |
| 0:12.6 | Happy Monday. |
| 0:13.6 | We've got some news from Apple. |
| 0:15.8 | We've got some news from Chipotle, but we are going to start with the latest from Greece. |
| 0:20.8 | As of this taping, the Greek Parliament passed a package of drastic cuts in wages, pensions, and jobs |
| 0:27.7 | all to secure a 172 billion dollar bailout by the EU and the International Monetary Fund. |
| 0:35.0 | We've seen the reports of violent protests all over the country and the Eurozone finance |
| 0:39.8 | ministers are going to meet on Wednesday. |
| 0:42.5 | Jeff Fisher, I'll start with you. |
| 0:44.2 | When you look at obviously an evolving situation in Greece, |
| 0:47.4 | what is your takeaway as an investor? |
| 0:49.8 | Well, that'll do it, right. |
| 0:50.6 | Let's cut the minimum wage 20%, which is part of this package and that'll solve |
| 0:55.2 | our debt problems. There's no relation whatsoever. It's a ridiculous assumption. What's happening |
| 1:01.8 | here is Greece is taking on more debt and return to promise the EU basically |
| 1:07.8 | promised them lower income in the years to come, which is another ridiculous juxtaposition the minute you stop to think |
| 1:15.8 | about it. |
| 1:16.8 | Because their GDP is already shrinking more than people feared. |
| 1:19.3 | It's going to continue to shrink, and that leaves them in an even weaker state to pay back the debt that they have. to kicks everything down the road yet again and all the people pay a price. |
| 1:34.4 | Now you can say oh well a lot of people haven't paid taxes in Greece and that may be true |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from The Motley Fool, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of The Motley Fool and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

