Quoted: "What I learned in Washington is that Europeans finally get it.
"They recognize they have deep problems and they recognize they need to do something about it....
"This was a very important wake-up call for Europe."
—Mohamed El-Erian, CEO, Pacific Investment Management Co., manager of the world's largest bond fund
Sept. 27, 2011
Reality: This is at least the fifth wake-up call for Europe's leaders to prevent a disorderly default of sovereign debt by Greece and possibly other southern European countries.
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