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View Full Version : European Sovereign Debt Is 'Toxic' Amid Turmoil, Pimco's Crescenzi Says - Bloomberg



NewsWhore
12-29-2011, 01:50 PM
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European Sovereign Debt Is &#39;Toxic&#39; Amid Turmoil, Pimco&#39;s Crescenzi Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEe9yx3UlrL0GJrQQlxLkQ3Flh0VA&url=http://www.bloomberg.com/news/2011-12-29/european-sovereign-debt-is-toxic-amid-turmoil-pimco-s-crescenzi-says.html)
Bloomberg
The 17-nation currency tumbled yesterday as the ECB&#39;s balance sheet soared to a record 2.73 trillion euros ($3.55 trillion) after it loaned financial institutions more money last week to keep credit flowing during the debt crisis. ...

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