Pimco

The chances of Greece ending up outside the single European currency due to an accident (Graccident) stand at 30% and if it does then that might make Italian and Spanish debt a good buy, according to the world's biggest bond...

Even as Greece's government proclaims an economic recovery will begin this year, the world's biggest bond fund manager PIMCO said it doesn't see any chance the country will be able to return to the markets this year, dashing some...

As Cypriots headed to the polls on Feb. 24 to elect a new President in a run-off between the frontrunner, Conservative Nicos Anastasiades and the Communist-backed Stavros Malas, the cost of a bailout to save the island's economy from...

The fiscal situation in Cyprus, the fifth Eurozone nation to seek a bailiout  is “more serious than Greece,” a danger overlooked by markets, the financial bloc's chief Jean-Claude Juncker said. “My priority in the short-term for 2013 is Cyprus,” Juncker...

President Demetris Christofias on Tuesday blamed "criminal" action by Greek-exposed banks for Cyprus having to accept painful bailout terms for EU aid. In a move to calm growing unrest over job losses and pay cuts, Christofias addressed the nation on...

"We should feel a mix of great sadness and heightened concern upon seeing the latest unemployment numbers out of Greece," El Erian, the CEO and Co-CIO of PIMCO, one of the world's largest global management investment firms and bond...

ATHENS – With $325 billion coming in two bailouts from international lenders, Greece will not need a third bailout despite its still sliding economy, interim Finance Minister Filippos Sachinidis said on April 4, nor need any more austerity measures...

The agreement reached by Greek political leaders to win the nation's second bailout may be "analytically questionable," Pacific Investment Management Co.'s Mohamed A. El-Erian said. "It is very unlikely to lead to growth, jobs, financial stability and new investments," El-Erian,...

Bill Gross, PIMCO founder and co-chief investment officer, stated that Greece is heading for default. The downgrade of European ratings by Standard & Poor’s last week shows countries can fail to meet their debt obligations, Gross said in a...

Greece defaulting on its debt is certain said Bill Gross, manager of Pimco, the world΄s largest bond fund, according to Reuters. The question was when, not if, Greece would default on its debt said Gross, adding that it was a...