Mohamed El-Erian, chief executive officer and co-chief investment officer of Pacific Investment Management Co. (PIMCO), speaks during a Bloomberg via Getty Images Television interview in New York, U.S., on Wednesday, Sept. 27, 2011. Policy makers in Europe "finally" understand the severity of the region's sovereign-debt crisis and the actions that need to be taken, according to El-Erian. Photographer: Emile Wamsteker/Bloomberg via Getty Images
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