Global Chief Investment Officer
Allianz Global Investors
Frankfurt
Allianz Global Investors oversees $250 billion as of Sept. 30.
Buy Euro-Zone Debt (Cautiously)
"Since summer, we have seen important steps toward a lasting solution of the debt crisis. Progress has been made with respect??to the introduction of a banking union, and the European Central??Bank's introduction of outright monetary transactions is akin to becoming a lender of last resort for governments. A lot of political uncertainties remain. The precise design of the banking union remains unclear. The ECB still has to show in practice how it will use its OMT program. Still, tail risks have clearly diminished. We are gradually warming up to non-German euro-zone sovereign bonds."
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.