Wednesday, January 8, 2014

The Best Outcome For Greece Probably Would Be To Exit The Eurozone

The best outcome for Greece probably would be to exit the eurozone. But the new Greek drachma would depreciate by 50 percent to 70 percent against the euro.

The Greeks don't want their pensions paid in a depreciating currency. Nor do they want austerity, as their pensions and government salaries would be cut by 50 percent. - in Barrons 

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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