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Exactly How Big a Mess is Europe?

Monday, 4 Jun 2012 | 4:07 PM ET

Egan-Jones has downgraded the United Kingdom, so just how bad is Europe? Barry Knapp, Barclays; Quincy Krosby, Prudential Financial; Sean Egan, Egan-Jones Ratings Company; and CNBC's Michelle Caruso-Cabrera, discuss.