PIMCO – Engineering Evil

The decision to raid people’s savings to fund a bail-out for Cyprus sets a “worrying precedent” that could jeopardise the European economic recovery, financial experts have warned.

By Ralph Turchiano on March 17, 2013

EU raid on savings to fund bail-out for Cyprus ‘threatens recovery’ By Robert Winnett, and Tom Whitehead 10:00PM GMT 17 Mar 2013 The island’s government has announced that, following pressure from finance ministers in the eurozone, it is introducing a… Read More ›

UK hooked on debt, PIMCO boss warns: “warning that the US would turn into Greece within a decade “

By Ralph Turchiano on October 2, 2012

UK hooked on debt, PIMCO boss warns Britain is part of a debtor nation “ring of fire” where bondholders are at risk of being “burned to a crisp”, the head of the world’s biggest bond house has warned. The UK… Read More ›