The Eurozone is worse off than even the US at this point because they lack a single fiscal authority. Difficult to implement a federal/super-sovereign approach in the Eurozone due to challenge of implementing a single taxing authority with supervisory and enforcement powers. - in Seeking Alpha, from a Marc Faber Luncheon - January 11, 2011
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
