Bob Doll: European debt crisis will be 'well contained'

BlackRock's Bob Doll predicts Europe's debt crisis will remain well contained, allowing global growth to continue at a modest pace.

While the chief equity strategist's outlook on Greece is optimistic, he did not rule out chaotic debt contagion. "If Europe's debt crisis remains reasonably well contained, the world should continue to grow at a modest pace with the United States doing relatively well; if debt contagion becomes chaotic and uncontrollable, it would be an entirely different story, he said. "Our view continues to be that the former scenario is the more likely one. "At present, policymakers in Europe are employing a number of strategies to combat the crisis and the growing political uncertainty, including...