The EU’s problem is solvency, not liquidity, says Pimco’s El-Erian

mohamed-el-erian
Mohamed El-Erian, Pimco

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

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: