Pimco’s El-Erian Says EU Summit a ‘Big Moment in History’
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Pacific Investment Management Co.’s Mohamed El-Erian said the stakes have been “raised hugely” for the euro-area summit beginning today as the focus shifts from stabilizing periphery nations to the core of the region.
“This is big, and we will look back on this as a big moment in history,” El-Erian, the chief executive officer of the world’s largest manager of bond funds, said during an interview on Bloomberg Television’s “In the Loop” with Betty Liu. “If you want to change the game tomorrow, you need to come up with some important and credible decisions.”