Pacific Investment Management Company (PIMCO), CEO and co-chief investment officer Mohamed - El - Elian (Mohamed El-Erian) said Friday that euro zone governments to prevent the spread of sovereign debt crisis of the adopted Measures will not solve the fundamental problem of the debt and growth, this problem is now a threat to the integrity of the euro area, which also suffered losses to investors.
El - Elian accepted in today's CNBC interview that began in Greece in the euro zone sovereign debt problems of common characteristics. He pointed out that the debt crisis has led to damage to the quality of national debt, starting with Greece, and is now a Portugal. He further pointed out that recent performance has been less than German government bonds U.S. Treasury bonds.