Political Unrest Threatens to Tear Apart the Eurozone, Warns Pimco

by Szu Ping Chan

Rising populism in Europe poses a bigger threat to the global economy than the prospect of a Donald Trump presidency, according to the Pacific Investment Management Company (Pimco).

The bond giant warned that a “radical” political party taking power in the eurozone could tear the bloc apart.

Andrew Balls, chief investment officer of global fixed income, also said the risk of a fresh recession was becoming “worrying”, given that the global economy was seven years into recovery and central banks were already at risk of “policy exhaustion”.

Continue Reading at Telegraph.co.uk…