EU Banking Stress Tests 'Far-Reaching Reforms Are Needed'

On Sunday, Europe will release the results of its banking stress tests. In an interview, former PIMCO head Mohamed El-Erian speaks with SPIEGEL about what to expect and how Europe's core countries are failing to adequately confront a flagging economy.
Gathering clouds over Frankfurt can be seen from the new ECB headquarters, still under construction.

Gathering clouds over Frankfurt can be seen from the new ECB headquarters, still under construction.

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About Mohamed El-Erian
? Phil McCarten / Reuters/ REUTERS