PIMCO’s CEO and co-CIO Mohamed El-Erian has sounded bells on what he believes are fundamental compromises that could thwart progress on the continued world crisis. In an article appearing on Project-Syndicate.org, Dr. El-Erian refers to two areas where the United States and Europe may be colluding to “second best” solutions to two key issues: the European Debt Crisis and the selection of the World Bank’s next president. Read more
Forex