Wednesday, February 25, 2015

Greece Problems have been Postponed, not Solved

The debt problems in Greece have been postponed, not solved, Marc Faber told CNBC on Monday. "The [Greek] economy is not strong enough to support" the debt load, Faber said in a CNBC " Squawk Box " interview.Read More Germany got much more than Greece: El-Erian The publisher of the Gloom, Boom & Doom Report said the real concern of a possible Greek exit from the euro single currency could be "a closer relationship with between Greece and Russia, or Greece and China." "That's [what] Western allies want to prevent at all costs," he added. Greece plans to present its reform plans Monday to seal its euro zone financial lifeline, but the government drew criticism from a veteran leftist and ruling party member who said the deal let voters down.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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