economist thomas piketty has a message for angela merkel. he says history will remember you for your actions this week. he'll join us live in a few minutes to explain why he believes not helping greece would be hypocritical. >>> the big banks unveiled their living wills. these are the plans how they would handle bankruptcy during a crisis that's mandated by dodd frank. dick bove will join us to tell us why he believes these wills are a negative for the u.s. economy and calls it a dumb idea by the government. >>> another positive fitbit rating. we'll talk to the analyst behind that call whether the company has already gone too far, too fast. >> i'm not making fun of his name, but what is the analyst's name? >> will power. >> i love that. the fitbit analyst name is will power. >> joining us to talk about the fall-off of volatility in china's market uncertainty in greece. waiting on the iranian talks, as well. we have tim seymour and peter costov with us here the peter, you're among us. we are looking around going, what is this rally all about

amy: last week economist thomas piketty was interviewed by a german newspaper saying "when i hear therman say they maintain a moral stance about that and believe that that's must be repaid -- debts must be repaid, i think what a joke it is." costas: i think there is a lot of hypocrisy on the part of many european officials the head of the european commission was the prime minister of luxembourg that thrived as a tax haven through the tax receipts of other european countries and other countries like the netherlands have also served as a tax haven. they are hardliners and they are hardliners and that point the finger at greece and forget that there may be issues in greece, there is corruption, but often times the corrupters are european companies, german companies. amy: professor costas panayotakis, thank you for joining us, the author of "remaking scarcity: from capitalist inefficiency to economic democracy." this is democracy now!, democracynow.org, the war and peace report. i'm amy goodman. we move south to south carolina. state lawmakers will begin debate today on whether or not to