Pimco Says Zombie Europe Like Japan Risks Lost Decade

Europe finds itself in a similar position to Japan as the continent faces a “lost decade,” said Pacific Investment Management Co., which manages the world’s biggest fixed-income fund.

The muddling through by European policy makers will have to end as low economic growth and weak demand are jeopardizing stability, Andrew Bosomworth, managing director at Pimco, told reporters in Germany’s financial capital of Frankfurt today.