Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

http://www.businessweek.com/news/2011-11-01/el-erian-says-greek-referendum-is-major-political-gamble-.html

Bloomberg News

El-Erian Says Greek Referendum ‘Is Major Political Gamble’

November 01, 2011

Nov. 1 (Bloomberg) -- Pacific Investment Management Co. Chief Executive Officer Mohamed El-Erian said the decision by Greek Prime Minister George Papandreou to call a referendum on the European Union’s latest accord on the nation’s financing “is material and consequential.”

“In addition to constituting a major political gamble, the run-up will put the European Central Bank, EU and International Monetary Fund in a tough position regarding disbursements to Greece,” El-Erian said in an e-mail today.

He also expressed concern that the EU deal “appears to be unraveling from many sides.”

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus