Bill Gross: Don’t Downplay Greece

A Greek exit from the euro zone could “discombobulate” currencies and open the door for contagion to other heavily indebted nations, bond investor Bill Gross said Wednesday.

The cash-strapped European nation’s struggles matter despite markets’ perceived resistance to its ongoing debt negotiations, Gross contended. He noted that if Greece left the euro zone, it would only lead to speculation swirling around Portugal, Spain or Italy.  “I think it matters because markets interpret events on a forward basis,” said Gross, manager of the Janus Global Unconstrained Fund.

In an interview on CNBC “Power Lunch,” Gross noted that projecting economic growth in the euro zone is difficult, especially because it depends on the effectiveness of the European Central Bank’s bond-buying program. The ECB’s easy policy does not necessarily make 2 to 3 percent growth in euro zone nations a “slam dunk,” Gross said.


Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.