Pimco's Balls on European Bank Capital Plan, Greece

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Oct. 10 (Bloomberg) -- Andrew Balls, head of European portfolio management at Pacific Investment Management Co., discusses the plan by Euro leaders to recapitalize banks, and the implications of a Greek default. German Chancellor Angela Merkel and French President Nicolas Sarkozy turned their crisis-fighting focus to banks, promising a recapitalization blueprint this month that will overtake a 12-week-old rescue plan that has yet to be put into place. Balls speaks with Betty Liu on Bloomberg Television's "In the Loop." (Source: Bloomberg)


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