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Monday, January 16, 2012

Greece Heading For Default

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co (Pimco), has tweeted that Greece is heading for default.

Quote:

"Euroland downgrades make investrs aware countries can default 2! Centuries of histry prove the point & wl be most recnt exmple"

he also casts doubt on the integrity of Papandreou:

" on the rocks, ain’t no surprise. Pour a drink and he’ll tell you some lies."

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