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October 2, 2012

PIMCO: America could 'resemble Greece' before 2020

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America could begin to resemble Greece before the turn of the decade if it does not cut spending and raise taxes to tackle its debt, according to Bill Gross, the head of the world's largest bond fund. PIMCO chief Mr Gross said that the United States must cut spending or raise taxes by 11pc of gross... FF News: Fundamental

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