Europe should cut some Greek debt:
El-Erian told German magazine Der Spiegel that Europe should cut Greek debt from 140% of GDP to 90% to help solve the country's debt crisis, Reuters reported.
EUROZONE central banks might roll over their Greek debt holdings to cut by €5.6bn the amount governments will have to provide Athens by 2016, according to a document that emerged from this week's euro zone finance minister's meeting.