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PIMCO's El-Erian: Greece Will Default In 3 Years
The Business Insider ^ | 10-25-2010 | Gregory White

Posted on 10/25/2010 2:01:19 PM PDT by blam

PIMCO's El-Erian: Greece Will Default In 3 Years

Gregory White
Oct. 25, 2010, 4:28 PM

PIMCO's Mohamed El-Erian has been remarkably specific in his assertion of Greek default.

Speaking at The Economist's Buttonwood conference, El-Erian declared Greece destined for default in 3 years time.

El-Erian sees no way Greece can deliver on its 11% fiscal adjustment as it has never happened before.

Get ready, here's who gets slammed in a Greek default >

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: default; elerian; greece

1 posted on 10/25/2010 2:01:22 PM PDT by blam
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To: blam

It’s about time. Doesn’t Greece default every 30 years or so? I think they are past due.


2 posted on 10/25/2010 2:12:29 PM PDT by PGR88
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To: blam

I believe it. The other thing I wonder is how long it will take the US to do the same thing and what they will call it when it happens. Head for the hills, people.


3 posted on 10/25/2010 3:11:22 PM PDT by dr_who
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