Marc Faber on Greece Bailout
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Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg’s Maryam Nemazee about Greece’s debt crisis.
Faber thinks Greece as a corporation is bust and as such, it loans should not be extended or be given more loans.
Banks holding those loans should write off the Greek loans to 30—50% of the face value.
Reprinted from Gurufocus.