Pimco- Pimco’s El-Erian: Europe could get much worse from here

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Pimco’s El-Erian: Europe could get much worse from here

Monday, November 07, 2011
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From Newsmax:

The European economy is a mess and could get worse if it continues along its pattern of stop-gap relief measures followed by bouts of panic, says Mohamed El-Erian, CEO of Pimco, the world's largest bond fund.

Debt-ridden Greece recently agreed on terms for aid money to alleviate its debt crisis, which included asking some private creditors to take a 50% haircut on their Greek debt, but Prime Minister George Papandreou called for a referendum on the package, which was later…

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More from Pimco:

Reuters: "Europe is doomed"

Euro CRISIS: The situation in Greece is bad... This could be much worse

Top German news outlet: Just a "matter of time" before Greece leaves the euro

Topics:		Pimco \| Euro \| Government_Stupidity

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