Sunday, April 12, 2015

Marc Faber Doesn't Think Europe Is Even Close To Being Solved

The Greek problem is that the economy of the country is simply not large enough to support its current level of debt.

Marc Faber thinks Greece exiting from the European Union could create a closer relationship with China or Russia, which the West wouldn't like.

Faber thinks that the West is going to have to make concessions on the Ukraine so that Greece which has a very strategic physical location doesn't become closely tied with Russia.

Faber thinks that the EU will still exist five years from now but that the countries involved might be different. That could lead to a stronger Euro if only stronger members remain.

- Source, Guru Focus