In the News: Wall Street Journal

Portfolio manager Axel Merk discusses Greece's woes with the Wall Street Journal.

"Axel Merk, president of Merk Investments, a currency-focused firm in Palo Alto, Calif., says the euro may be in for a bumpy ride this year as concerns about Greece and other peripheral European economies intensify. But he is still betting on the euro against the dollar and Japanese yen longer-term.

For one thing, Mr. Merk says, the European Central Bank is moving faster than the Federal Reserve in winding down its emergency financial-support measures. The ECB also may face an easier exit than other major central banks like the Fed and Bank of England, which could support the euro in coming months.

'I see the euro as a long-term anchor of stability in a world that is increasingly unstable,' Mr. Merk says."

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