Pimco’s El-Erian: Monetary Policy Alone Won't Save Europe
November 21 — The European Central Bank should not intervene in markets without greater reassurance from member nations that policy makers are committed to reform, says Mohamed El-Erian, co-head of Pimco, the world's largest bond fund.
Some European governments want the European Central Bank to ease monetary policy to help alleviate the crisis, while Central Bank officials say governments should work through a stability fund to prop up ailing economies like those in Greece and Italy. Read more.
