the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european experiment. now, the market celebrated, that s for sure. this is not the final solution. a
erin burnett, and outfront tonight, we have breaking news. stocks surged, and the best day of the year and the best june in 13 years. lucky 13, i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel, too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break up the entire european experimen
good evening. i m erin burnett. outfront, we have breaking news. this was a very, very big day. stocks surged. the best day of the year. and the best june in 13 years. lucky 13 i guess. why? well, we were touched by an angel. and considering how important europe is to american jobs and to this presidential election, the president was touched by an angel too. yes. yes, she is, the angel in this case is literal. angela merkel putting another band aid on the europe crisis that buoyed stocks around the planet. literally this started in asia and fell all the way through. this was pretty incredible news. she caved sort of. looks like they re about to kiss, doesn t it? european leaders today said they ll allow troubled banks to use emergency money from the european union. basically that means mostly german rescue funds. that s the truth of it. the bottom line, it means the money will get to the banks more quickly. helping countries like spain, whose crisis is threatening to break
and he just simply didn t have the ammunition to deliver on that tonight. in all these cases, the answer was, well, it s complicated. well, that s not good enough. when you re called for economic confidence and use of political capital is hinging on, when spain clarifies, you have a problem. that statement should not do anything to make people feel economically positive about the future. when spain clarifies, we re going to get some answers, that was rather terrifying. i don t think anybody thinks spain is going to clarify or when they do, it will mean much. that s true. the first thing he said out of the gate was, that most of the eurozone leaders are not part of the g-20, and really, any real action was going to maybe happen at the summit of the eurozone leaders later this month. he led with the fact that nothing is happening here. so it was just interesting. but i mean, you know, i think he fried to communicate that he he heaped praise on europe, on them for seei
at the end of the two day gvernlths-20 sum et, president boim took the stage and gave us this. i don t want to sound polly an naish here. resolving the issues in europe is difficult. it is difficult. and difficult problems call for big ideas and creative solutions. so we listened carefully. our friends in europe clearly grasp the seriousness of the situation and are moving forward with a heightened sense of urgency. all right. we have heard that before. from him and from anybody else talking about the europe crisis. so we kept listening. and after 24 minutes and 43 seconds, we never got the answer to our two burning questions. will europe be saved and what s the effect of the europe freefall on american jobs. now, here s the closest he came. the best thing the united states can do is to create jobs and growth in the short term, even as we continue to put our fiscal house in order over the long term. of course the biggest argument around world right now is how do