Pulp fiction played by fake actors

Greece Default Risk Rising With IMF Turmoil: El-Erian

By Susanne Walker and Betty L

The probability of Greece defaulting or restructuring its debt has increased since the arrest of International Monetary Fund headDominique Strauss-Kahn, Pacific Investment Management Co.’s Mohamed El-Erian said.  “Don’t underestimate how important Dominique Strauss-Kahn was in coordinating action” among European nations, El-Erian, the chief executive officer of Pimco, said in a Bloomberg Television interview on “In the Loop” with Betty Liu. “It’s the worst possible time to lose your general. You need the IMF to coordinate this global healing.”

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Comment: The Greek tragedy had already turned into a farce and the farce has now turned into pulp fiction.