Pimco's Mohamed El-Erian talks about the European debt crisis and the European leaders' summit held in Brussels last week
He said the crisis situation is something which will drive European leaders towards action. Markets were rightly rewarded on Friday as it came out clear after EU summit that EU has clear vision on building blocks of monetary union, fiscal union, banking union and political integration. But for sure more is needed.
Here is the video:
He said the crisis situation is something which will drive European leaders towards action. Markets were rightly rewarded on Friday as it came out clear after EU summit that EU has clear vision on building blocks of monetary union, fiscal union, banking union and political integration. But for sure more is needed.
Here is the video:
