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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.