Europe’s banks require capital, says El-Erian, but Gross is not buying Portugal’s debt

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Mohamed El-Erian, chief executive officer of PIMCO, talks on Bloomberg about Europe’s financial crisis and the banking industry.

Source: Bloomberg, January 12, 2011.

From the same firm, Bill Gross, manager of the world’s largest bond fund, discusses the debt sold on Wednesday at auction by Portugal. Gross also talks about the municipal bond market, Federal Reserve policy and investment strategy.

Source: Blomberg (via YouTube.com), January 12, 2011.

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