EU exit threatens ‘standard of living’, says Pimco’s El-Erian

In an article for Fortune magazine the Chief exec of the world’s largest bond fund warned that Cameron would beed an alternative plan should the UK part ways with the EU…

“Whichever way you look at this, Prime Minister David Cameron has materially increased the probability that, beyond 2017, Poland rather than the UK will be among the three largest economies defining the scale and scope of European regional integration. Let’s hope that he also has a Plan B that would limit the potential downside to Britain’s standard of living,”

UK Telegraph

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