Internet Explorer 6 is not supported
This site has been built to work in either Internet Explorer 8 and above, Firefox, Chrome or Safari. For a better experience of using this site, please switch your browser or install Chrome Frame
Citywire Global
menu search
Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Why 'upwards contamination' will ensure France is eurozone's next victim

By , on

Filmed at Citywire's Fund Selector's forum in Geneva in October, Pimco's Andrew Balls reveals why he believes austerity alone is not enough to fix the beleaguered eurozone.

The manager of the firm's Euro Bond and Euro Bond Total Return funds says the logic of the eurozone's constitution means that the problem moves up the system, spelling trouble for the unequal partnership of Germany and France.

And while believing that the creation of a eurobond would be 'very effective' he is doubtful that it will ever be realised due to the huge political obstacles that need first to be overcome.

Related News

We use cookies to give you the best experience on our website. You can continue to use the website and we'll assume that you are happy to receive cookies. If you would like to, you can find out more about cookies and managing them at any time here. This site is for Professional Investors only, please read our Risk Disclosure Notice for Citywire’s general investment warnings