PIMCO's El-Erian: Greece Will Default In 3 Years

parthenon greece

PIMCO’s Mohamed El-Erian has been remarkably specific in his assertion of Greek default.

Speaking at The Economist’s Buttonwood conference, El-Erian declared Greece destined for default in 3 years time.

El-Erian sees no way Greece can deliver on its 11% fiscal adjustment as it has never happened before.

Get ready, here’s who gets slammed in a Greek default >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.