Mohamed El-Erian, on The Irish Bailout

Nov. 30 2010 | Why the first rule of crisis management has not been met by the Europeans, with Mohamed El-Erian, PIMCO.
Mohamed El-Erian : ...time helps if you can grow your way out of debt , time only helps if you have in place the conditions to grow rapidly and most of the people recognize that in peripheral Europe you do not have these type of conditions so time won't help in this case ...time in this case ends up by contaminating first other peripheral countries and ultimately you may contaminate the core ...time isnot your friend if you are not able to grow out of your problem...

Jim Rogers on Saving vs Consuming Economies

Jim Rogers “Any economy which saves and invests and works hard always wins out in the future over countries which consume, borrow and spend.”