PIMCO's El-Erian: Greek crisis will spread, become a global phenomenon

05/14/2010 | InvestmentNews (free registration)

The problems in the Greek bond market are likely to spread outside of the European Union, Mohamed El-Erian, chief executive officer and co-chief investment officer of PIMCO, writes in an Investment News commentary. He predicts it will become a global phenomenon. "It is only a matter of time when this issue, too, becomes a driver of policies and market valuations and correlations," Mr. El-Erian wrote.

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