Marc Faber :Greece is just a Write-Off - Bloomberg 10 May 2010

Marc Faber : Central Banks just print money - Faber Discusses European Loan Package and Greece Bailout

Marc Faber : basically both the ECB European Central Bank and the US FED Federal Reserve are all money printers says Marc Faber , some are better at it and faster and have more efficient machines the others are slower , but basically central bankers they run rpint and print , and it would be a mistake to think that the bailout is actually a bailout of Greece , Greece is a write-off , you cannot have the kind of debt Greece has with olive oil income they have no industries to speak of , they have shipping , but the shipping industry does not pay taxes in Greece , so basically the baliout is actually a bailout of the ECB itself because they have already a lot of paper of Spain Portugal and Greece in the their portfolios and therefore and the bailouts of the banks in Europe ...and they lend money to Spain and to Portugal and so on they also in the same boat , so like us if we have a problem we just drink more instead of addressing the problem

May 10 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Pimm Fox about European policy makers' announcement of an almost $1 trillion loan package to end the region's sovereign-debt crisis. (This is an excerpt of the full interview. Source: Bloomberg)