Wednesday, February 29, 2012

Marc Faber : let Greece go bust Now

Marc Faber : I think there is a possibility of a new government (in Greece) but whatever happens the fact is 'Greece is Bankrupt' , now if you have a bankrupt company either you let the company go out of business or you support it with government interventions , I am against the support and the government interventions but we have to look at it that's the way it is in today's environment and may be they will continue to support Greece , the fact is someone will take a loss somewhere , either the tax payers who have to continuously bailout Greece and I think in the end they will default anyway but it can be postponed , the best would have been to let Greece go bust right away it would have been far less costly than now ....- in Bloomberg Radio - 21 Feb 2012


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