PIMCO, The World’s Biggest Bond Fund, Expects Greece And Other European Economies To Default – Allianz Global Investors Capital: Greek Default ‘Inevitable’

- Greek cabinet approves austerity budget (Telegraph, June 22, 2011): … Pimco, the world’s biggest bond fund, shrugged off last night’s vote of confidence in the Greek government warning that it expects Greece and other European economies to default on their debts to resolve their problems. “For the next three years, we’re going to see [...] continue reading the breaking news