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Pimco’s El-Erian Denies Being Tapped for Egypt Premiership

Mohamed El-Erian, chief executive officer of Pacific Investment Management Co., said today he hasn’t been approached for the job of Egypt’s new prime minister under President Mohamed Mursi, and would decline the offer if extended.

“There are many more qualified candidates than me,” El-Erian said in an e-mailed response to questions. “At this critical time in Egypt’s history, it is important that candidates include those who have been living in Egypt and who have participated in person in Egypt’s revolutionary process.”