El-Erian: Greece sacrificed to protect Italy

Greece has been sacrificed to help build a «firewall» around Italy, Portugal and Spain, Mohamed El-Erian, chief executive office at Pacific Investment Management Co., said on Tuesday in an interview on CNBC.

The credit ratings of Greece were cut on Monday to Selective Default by Standard

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

SIGN UP NOW

Kathimerini may send occasional special offers and promotions.

By signing up you are agreeing to our Terms of Service and Privacy Policy.