"It appears that we're in the eye of the hurricane. I do not believe that this situation really is calm," he said to hosts Erik Schatzker and Guy Johnson. "You're seeing basically central governments throwing everything they have at the markets and keeping them calm."

The Chinese have been propping up their stock market, while the European Central Bank is putting massive support in behind the scenes, said Gross.

Gross said he predicts a 70% to 80 %chance Greece will exit the Eurozone. And that would be the best case scenario for the country.

The decision will depend on whether Germany is willing to concede that austerity "to the extent that they have enforced it in Greece, and to the extent that restructuring or debt write-offs" is a necessity, he said. And with several EU members vetting the decision, a definitive forecast will be hard to give.