Mohamed El-Erian : Italy less worrisome than Greece

Mohamed El-Erian speaking to CNBC about the Italian debt situation and the European Debt in general , Weighing in on the markets and the crisis in Europe, with Mohamed El-Erian, Pimco co-CEO/CIO, who says there are still problems that have not been resolved yet.Europe is viewed as unable to deal with the debt El-Erian says , Italy is very different from Greece and Portugal it is less worrisome than Greece Ireland or Portugal , but this is about people worried about Europe's ability to deal with its debt , Italy debt is mostly owned by domestic banks , we may not get a fundamental contagion but we can get a technical contagion