EU should Dissolve & PIIGS should Default

Marc Faber : “If I were Greece or Portugal or Spain, I would say ‘bye-bye.’ I exit the EU. And the debts in EU, that’s your problem.”
“The best would be to dissolve the EU…let the markets sort this out. Let the countries default,” he asserted. ”It’s going to be painful – very painful. But rather than to again intervene into something that is not going to work in the long run is the wrong medicine.”
“Sometimes it’s better to default and take the medicine then to pretend that there is no financial trouble.” - in a recent interview with Fox Business News
Click here to watch the full interview>>>>>