The Latest Breaking News from Mohamed ElErian

Mohamed El-Erian, Allianz's Chief Economic Advisor, warned Wednesday Dec. 4, 2024 about the growing intersection of political and economic challenges in France following Prime Minister Michel Barnier's historic no-confidence ouster, even as Greek bonds achieved parity with French sovereign debt for the first time since the Eurozone crisis.

The two discussed the matter this week at Mar-a-Lago, according to the Wall Street Journal.

"This is a period in which U.S. dominance of the global system is going to increase, both for positive reasons and for negative reasons in the short term."

Steps are now being taken to reduce headcount at Harland & Wolff, as board concludes the company is insolvent