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CNN Erin Burnett OutFront June 12, 2012



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 i ....

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CNN Erin Burnett OutFront June 12, 2012



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 ....

New York , United States , New Hampshire , Mashonaland East , City Of , United Kingdom , South Carolina , South Korea , Paul Callan , Ron Howard , Joel Santo , Gabby Giffords , David Cameron , Roland Stephen , Jerry Sandusky , Jeb Bush , Desmond Lockman , John Malden , Robert Kennedy Jr , Tina Brown , Marilyn Monroe , John Bryson , Steven Moore , Rick Scott , Bobby Kennedy , Jesse Ventura ,

CNNW Erin Burnett OutFront June 12, 2012



i m eric burnett. outfront tonight, how much will it cost to bail out europe? $1 million. just like dr. evil in austin powers, that s not enough. $100 billion. nope. even a super villain would not ask for a number this big. the final number to bail out europe could be closer to $6 trillion. so take a deep breath. i ll get to the grand total in just a moment. because just days ahead of those crucial greek elections, spain asked for $125 billion to bail out its banks. and that s just the beginning because spain is only one of several european countries lining up for more money. spain, portugal, ireland, greece, already have asked for $615.5 billion. but does it add up to enough to save them and us from more economic calamity? sources tell outfront, not even close. one of our most reliable sources says that all estimates to date on how much this is going to cost have been wrong. he warns about a domino effect, most notably on france and says we re not even cl ....

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