Nov. 14 (Bloomberg) -- Pacific Investment Management Co. Co-Chief Investment Officer Bill Gross and Chief Executive Officer Mohamed El-Erian, talk about the European sovereign-debt crisis and its impact on the U.S. economy and the role of Germany in resolving the turmoil. Speaking with Tom Keene on Bloomberg Television's "Surveillance Midday," they also discuss Treasury yields. (Source: Bloomberg)
PIMCO's Mohamed El-Erian said (8:16) politicians need to realize we are in a period of fundamental, structural changes (not cyclical)
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