Dissolve the EU

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Dissolve the EU Let the nations default and the market sort it out, says Marc Faber

Appearing on Fox Business, legendary investor Marc Faber discusses the on-going Euro-zone crisis. The problem is that nations do not want to give up their sovereignty and cannot agree to sticking to the 3% budget limits. He believes the best solution is to dissolve the EU, let the nations default, take their medicine and let the markets sort things out. Anything else will not work in the long term. Plus there’s the added bonus of getting rid of all the useless bureaucrats in Brussels. (6:52)

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

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