Pimco’s Gross Says Draghi Disappoints With Lack of Policy Moves
Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said European Central Bank President Mario Draghi disappointed investors by not offering more concrete policy steps to contain the region’s debt crisis.
“We were hoping for, at least temporarily, some type of specific effort on the part of the central banks,” Gross said in an interview on Bloomberg Television.
To contact the editor responsible for this story: Paul Cox at pcox16@bloomberg.net
Aug. 2 (Bloomberg) -- Bill Gross, co-chief investment officer at Pacific Investment Management Co., talks about European Central Bank's response to the euro-region debt crisis and the outlook for stock and bond investment returns. Gross speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.