most notably on france and says we re not even close to stabilization. desmond lockman of the europe needs about 1.2 trillion jut to bail out spain and italy. john malden, heavily followed by traders on wall street, says the amount needed could be $5 trillion or $6.2 trillion. i thought $6 trillion was enough. but a hundred billion at that point is just rounding, right? that s about eight t.a.r.p.s. it may not even be enough to save europe because it all requires the help of the united states and the u.s. fed. and, yes, the imf, u.s. taxpayers. this is all central to us and how much money we will pay. what happens if europe breaks apart? this means the break-up of the world s biggest economy and our biggest trading partner, it means tens of thousands of american jobs gone. outfront tonight is pimco founder and cio bill gross, one of the largest investors of retirement money in this country, and someone who knows a lot about this. bill, let s start with this issue of it s be
we re not even close to stabilization. desmond lockman of the europe needs about 1.2 trillion jut to bail out spain and italy. john malden, heavily followed by traders on wall street, says the amount needed could be $5 trillion or $6.2 trillion. i thought $6 trillion was enough. but a hundred billion at that point is just rounding, right? that s about eight t.a.r.p.s. it may not even be enough to save europe because it all requires the help of the united states and the u.s. fed. and, yes, the imf, u.s. taxpayers. this is all central to us and how much money we will pay. what happens if europe breaks apart? this means the break-up of the world s biggest economy and our biggest trading partner, it means tens of thousands of american jobs gone. outfront tonight is pimco founder and cio bill gross, one of the largest investors of retirement money in this country, and someone who knows a lot about this. bill, let s start with this issue of it s been sort of band-aid after band-a