IPFS News Link • Economy - International
PIMCO head predicts Greece, others will default
• ReutersThe head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area faces a debt crisis. ....
El-Erian has suggested in the past that Greece
would default and that Europe risks wasting money for nothing by
pumping billions of dollars into the ailing economy.
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