Friday, October 26, 2012

Euro break-up will happen in 3 to 5 years time

ET Now: How real is the possibility of a Euro break-up considering that Spain and Greece are still looking as vulnerable as before?

Marc Faber: Yes, it is a possibility. I do not think it will happen right away because the politicians want to keep the Eurozone intact, but the situation in Portugal, Greece, Spain, Italy and even France is actually unsustainable in the long run because of the unfunded liabilities. So a Euro break up will probably happen sometime in future, but not for another three or five years. - in India Economic Times


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