Italy Remains in Trouble, Pimco’s Gross Says
November 14 — Pacific Investment Management Co.’s Bill Gross said Italy remains in trouble even as a new government is being formed to put austerity measures in place.
Italy and neighboring countries have “too much debt and too little growth,” Gross, manager of the world’s biggest bond fund, said in a radio interview on “Bloomberg Surveillance” with Tom Keene from Pimco’s headquarters in Newport Beach, California. Read more.
