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.

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