On the Watch List.

I usually listen to the text more than 5 times. This is the only way for me to analyze all new information.Audio track named «On the Watch List» was very interesting for me because of the theme which was discussed in it! Investment- what could be more interesting? last semester I wrote a term paper on this topic . Now then I would like to explain the main idea of this audio track.

Mohammed El-Erian is the chief executive of PIMCO, the Pacific Investment Management Company, which manages investments of all kinds worth more than a trillion dollars. Confidence in government bonds is at the heart of the debt crisis which has engulfed Greece and other European countries. Governments with big holes in their public finances increasingly need to raise money by selling bonds.
Mohammed El-Erian said «We recognize that Greece economic situation is difficult», after these words he added that Greece is the part of a much bigger phenomenon which would be some kind of headwind for the World Economy.