May 17, 2011

PIMCO's El-Arian on the arrest of IMF chief Strauss-Kahn

Don’t underestimate how important Dominique Strauss-Kahn was in coordinating action [among European nations]. It’s the worst possible time to lose your general. You need the IMF to coordinate this global healing.

He has been getting everybody to play from the same sheet of music. Without him it will be much more difficult to coordinate European governments.

~Mohamed El-Arian, chief executive officer, PIMCO, Bloomberg's "In The Loop", May 17, 2011
(El-Arian is also a former deputy managing director of the IMF)

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