Sunday, June 17, 2012

Marc Faber Call on the Euro - CNBC 15 Jun 2012

The Gloom, Boom & Doom Report author and publisher , Marc Faber thinks the final outcome of the Greek elections will be that the Greeks will decide not to leave the Eurozone, and the problems will just be postponed because they won't implement the austerity measures expected of them. " I think the dollar had a very strong rally and the euro became very oversold , I think the Greek election will be favorable in other words the Greeks will decide not to leave the Eurozone and the problems will be postponed because they will not implement the austerity that is demanded by them , and I do not know what the actual outcome will be but I think it is quite possible that at some stage the Germans will lose patience and that They will exit the Eurozone " says Marc Faber


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