22 June 2011

EUROZONE / GREECE: Bond Giant Pimco's El-Erian Predicts Athens Will Default.

M.PRESS

Influential bond trading giant Pimco's CEO Mohamed El-Erian predicts that Greece will default...and other unspecified eurozone nations will follow.


"For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default," he reportedly said.


He has said before that Greece would default... and that Europe was wasting money pumping billions into it.


PIMCO...aka Pacific Investment Management Co... is the world's biggest bond fund manager with nearly... $1.3Tn in assets.