The EU faces a tricky 2011 as it navigates excessive debt, but needs to address solvency issues rather than liquidity, says Pimco's CEO Mohamed El-Erian.
A new report from Fitch Ratings suggests Europe's public finances are on the mend, reducing pressure to borrow in 2011
Risk of debtor-nation
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Profile: Diana Monteith
Risk awards 2011
European leaders endorse EFSF model, as facility gears up for debut issuance of up to €5 billion
Contagion spreads: The Ireland effect
Is France losing its pluck?
Discussions are already under way behind closed doors, knock-on effects for bank capital could be substantial
CDS spreads on peripheral eurozone debt widen despite €90 billion in aid
Trinity College's Lucey adds, "Thank God we have an honest central bank governor. He's the first official to call it as he sees it."
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