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Transcripts For CNNW Erin Burnett OutFront 20120530



in nearly a year. in case you were thinking that europe s crisis was their problem and your eyes glaze over when you hear about it, this is the wake-up call. america s 401(k)s are losing value thanks to greece and spain. why? well, because if and when greece drops the euro, it s a little domino with a lot of punch. next comes spain, portugal, ireland, maybe even italy. they could all fail. and that means the breakup of the world s biggest economy and america s biggest trading partner. it means at least tens of thousands of american jobs will be lost. this is the scene in greece now. defendant contusion and riots, suicide has surged. just today a 61-year-old man left a suicide note. his name was alexanderos. he huck himself in a park. he said, quote, greece will be wiped off the map and he hoped his grandchildren wouldn t be born there. the personal toll is tragic and it s a terrible for something to cure all the ills. the euro was supposed to unite europe after sufferin ....

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