'The Threat of Insolvency' Bond Leader Pimco Sees Euro Zone in Danger

European leaders proudly announced agreement last week in efforts to save the euro. But Pimco, the world's leading investor in sovereign bonds, says that the measures are not enough. Some countries may have to temporarily leave the common currency union.
The Spanish national mint in Madrid: The future of the euro remains uncertain.

The Spanish national mint in Madrid: The future of the euro remains uncertain.

Foto: SERGIO PEREZ/ REUTERS
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