For the next three years, we're going to see different economies work out different problems. For European economies, especially Greece, it would be through default.
default economy european
Mohamed El-Erian
These are some quotes by Egyptian author Mohamed El-Erian Businessman, who was born on August 19, 1958.
Quotes by Mohamed El-Erian
It is hard to imagine that, having downgraded the US, S & P will not follow suit on at least one of the other members of the dwindling club of sovereign AAAs. If this were to materialise and involve a country like France, for example, it could complicate the already fragile efforts by Europe to rescue countries in its periphery.
