Bloomberg News

Pimco’s Gross Says Greece Should Drop Out of Euro, Return Later

November 02, 2011

Nov. 1 (Bloomberg) -- Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., said Greece is likely to remain in the euro zone. It “would be better to drop out” and then come back, he said.

Gross spoke today in San Francisco at a conference for investment advisers held by Charles Schwab Corp.

--With assistance from Cordell Eddings in New York and Sree Vidya Bhaktavatsalam in Boston. Editor: Josh Friedman

To contact the reporter on this story: Margaret Collins in New York at mcollins45@bloomberg.net.

To contact the editor responsible for this story: Rick Levinson at rlevinson2@bloomberg.net.


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