In his latest monthly commentary, PIMCO's Bill Gross outlines his perspective on Europe and the financial markets, including:
- Investors will likely be heartened by recent European policy proposals, but Euroland will remain a dysfunctional family no matter what the outcome.
- Investors should recognize that Euroland's problems are global and secular in nature; it will be years before developed nations can constructively escape from their straitjacket of debt.
- Global growth will likely remain stunted, and interest rates stay artificially low.
Click here for his commentary.