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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 ...
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 ...
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 mor...