Mohamed El-Erian, chief executive of bond giant Pacific
Investment Management Co., said he expects Portugal to follow in
Greece's economic path, Reuters reported Monday, citing
German-language publication Der Spiegel.
"Yes, unfortunately that will be the case," El-Erian told
Spiegel in response to a question about whether Portugal will be
the next Greece, according to Reuters.
El Erian also told the German magazine that he thinks Portugal's
first rescue package will not be enough, and that it will have to
seek more funding from the European Union and the International
Monetary Fund, according to Reuters.
Full story at
http://uk.reuters.com/article/2012/03/19/uk-pimco-portugal-idUKLNE82I00Z20120319
-Dow Jones Newswires; 212-416-2900