Why Should Greek Taxpayers Pay Off Government Debt?

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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.

Dr. Marc Faber [send him mail] lives in Chiangmai, Thailand and is the author of Tomorrow’s Gold.

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