raises the prospect of a default, a miss payment, i spoke with the canadian finance minister joel abulver and here's what he said. >> it is up to the ims clearly. there are issues which can impact the domestic situation. they could run out of money domestically and that would create its own social and political repercussions. these are very serious issues and that is why we are taking them seriously. hence point -- hans: there was the g-7 talk on austerity. as mr. oliver told me, there is tension there. or as he put it, didn't -- different perspectives. caroline: interestingly, the americans are paying -- playing a bigger role, what is the message. hans: cut a deal. find an agreement. treat this next deadline as the last. mr. lou spoke to the prime minister of greece. when i spoke to larry summers yesterday, he made the case for both sides to get off of their positions and find common ground. larry summers: both sides will have to move. greece has to get more serious and determined, and clear on what the reforms will take. that will not be politically easy. the europeans need to recogn