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June 11th, 2012
07:58 PM ET

Could the U.S. be on the hook for Europe's bailouts?

Just how much will it cost to fix Europe?

That is the question on investors' minds all across the globe. The markets fell today on fears that the proposed bailout of Spain's banks won't do enough in the long run to keep the Eurozone from crumbling apart.

Why? Partly because Spain is now the fourth European country to ask for a bailout – Greece, Italy, and Portugal have as well. Partly because no one knows how much it will actually cost to fix the European economy – some estimates run as high as several trillion dollars, dwarfing their bailout fund.

But also because the overall economic picture is just too uncertain and unpredictable right now. And to top it all off – the American taxpayer could end up on the hook for all this.


Filed under: Economy • Euro • International
June 11th, 2012
05:21 PM ET

TONIGHT AT 7: Investors fear Spain bailout isn't enough

Stocks fell today on the heels of the announcement that Spain will be getting a $125 billion bailout in an effort to prop up Europe's economy.

Erin Burnett talks to Wolf Blitzer about why early optimism among investors was soon replaced by doubt and anxiety and whether or not this bailout will do anything in the long run. Tune it at 7PM/ET for Erin's full deconstruct.


Filed under: Economy • Euro • International
May 30th, 2012
07:38 PM ET

Fortune Mag. Editor on Euro crisis: Going to be a 'period of panic' and will hit us hard

CNN's Erin Burnettexplains how the European debt crisis can take a bite out of your financial future. Knight Capital Managing Director, Peter Kenny and Sr. Editor-at-Large, Fortune Magazine, Shawn Tully are OutFront.


Filed under: Economy • Euro • International
May 17th, 2012
03:57 PM ET

Quest on Greece crisis: "it could get a great deal worse"

CNN's Erin Burnett discusses the ongoing crisis in Greece with CNNi's Richard Quest.

GREECE DOWNGRADED DEEPER INTO JUNK

The credit rating on Greece's government debt was downgraded deeper into junk bond territory on Thursday.

Fitch Ratings cited the increased risk that Greece, operating now with a caretaker government, could be forced to leave the eurozone following more elections next month.

FULL POST


Filed under: Economy • Euro
November 9th, 2011
07:26 PM ET

Bottom Line: The Italian Default Scenario

It's the disastrous scenario that sent the Dow diving 400 points on Wednesday: the collapse of the Italian economy, a failure that could quickly spread through Europe to France and Germany. Why's Italy so critical? And why can't the country be bailed out? Erin Burnett breaks down Italy's debt–and the dominos that could fall.


Filed under: Bottom Line • Economy • Euro
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