Tuesday, January 25, 2011

Marc Faber : I think the Euro will survive

Marc Faber : Well, I think the euro will survive, but as is the case in the US, the ECB is expanding its balance sheet, and that hates to see the balance sheet because the quality of the bonds they own must be of very poor quality and so, we will have to muddle through. But, in general, I believe some weaker countries or weaker members of the EU like Spain, Portugal, Greece eventually will default.
in www.bbc.co.uk

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