El-Erian: Europe crisis may spread
By Sree Vidya Bhaktavatsalam | China Daily | Updated: 2010-05-08 07:33
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Mohamed El-Erian, chief executive officer of Pacific Investment Management Co. Joshua Roberts / Bloomberg |
BOSTON, Massachusetts - Pacific Investment Management Co's Mohamed El-Erian and Loomis Sayles & Co's Dan Fuss said the European debt crisis may spread across the globe because of investor concern that governments have borrowed too much to revive their economies.
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