Thursday, April 30, 2015
Faber: Greece should Default
Greece is bankrupt and should default, well-known investor Marc Faber told CNBC Friday, arguing that a "geopolitical game of chess" was being played out in the region.
The comments by Faber, the editor of the "Gloom, Boom & Doom Report," came at a time of heightened tensions between Greece and its international creditors.
The organizations overseeing the country's two international bailouts -- worth a combined 240 billion euros ($259 billion) -- have said the country will not receive a last tranche of aid, worth 7.2 billion euros, until it makes far-reaching reforms.
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.
Posted by Nicole Bourbaki