Marc Faber: Greek 'Contagion' Likelihood Very High - 'Wake Up, Greece Will Come To Your Neighborhood Very Soon'
By Susan Duclos via All News PipeLine
Marc Faber, publisher of the Gloom, Boom & Doom report joined Bloomberg Business to discuss the latest fall-out from the Greek referendum vote and the chances of the much-talked about "Grexit."
Faber asserts that barring a last minute deal with between Greece and the EU, there is a very "high likelihood" that the Greece "contagion" will spread, specifically mentioning Italy, Portugal and Spain, which saw an instant weakening in credits following the Greece No vote.
Faber also highlights the point that the EU continued to pump money into Greece, mostly to bail-out their own backs and then he tells people to "wake up" because "Greece will come to your neighborhoods, very soon."
A must-hear interview.
Marc Faber, publisher of the Gloom, Boom & Doom report joined Bloomberg Business to discuss the latest fall-out from the Greek referendum vote and the chances of the much-talked about "Grexit."
Faber asserts that barring a last minute deal with between Greece and the EU, there is a very "high likelihood" that the Greece "contagion" will spread, specifically mentioning Italy, Portugal and Spain, which saw an instant weakening in credits following the Greece No vote.
Faber also highlights the point that the EU continued to pump money into Greece, mostly to bail-out their own backs and then he tells people to "wake up" because "Greece will come to your neighborhoods, very soon."
A must-hear interview.
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