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Pimco CEO says "not yet" buying Greek and Irish bonds


    MUNICH (Reuters) - Mohamed El-Erian, chief executive of the Pacific Investment Management Company (Pimco) which runs the world's biggest bond fund, said on Friday he was not yet buying Greek and Irish government debt.

    El-Erian, who helps oversee more than $1.1 trillion in investments, told a conference in Munich on a panel with Germany's finance minister and a European commissioner, that he first wanted to see more solvency support for these euro zone countries and more competitiveness to help them grow.

    (Reporting by Stephen Brown)