Basically its another process of monetization. We have now synchronized monetization in the worls and what it means is essentially the euro will remain weak and there will be more bailouts. And for Greece this means terrific austerity and a terrific recession.
in Bloomberg
Related stocks: National Bank of Greece (ADR) (Public, NYSE:NBG), Hellenic Telecom Organization S.A. (ADR) (Public, NYSE:OTE)
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.
