The EU’s problem is solvency, not liquidity, says Pimco’s El-Erian
The European Union (EU) cannot continue to treat its financial problems as merely a liquidity issue or there will be market fallout for the union's member states, according to Mohamed El-Erian, chief executive officer and co-chief investment officer at Pimco in Newport Beach, California.
Thus far, the European Central Bank has offered liquidity support to troubled countries in Europe’s periphery by buying their bonds, while in 2010 the EU and IMF agreed bailouts for both Greece and Ireland. Many
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Debt management
Derivatives
GFXC confirms zero hold times in last look
Chair says checks can’t be used to monitor client market impact – a “game changer” according to some
Receive this by email