The crisis in Greece may be an opportunity to grab euros on the cheap, portfolio manager Axel Merk tells the Wall Street Journal

" 'In the long run, there's a better mechanism in Europe than in the U.S. for getting the deficit down,' since American policy makers don't have to coordinate with other countries that might pressure them to curb borrowing, said Axel Merk, president of the currency-focused Merk Mutual Funds. Merk's firm has been buying euros recently, as it sees the Greece crisis as an opportunity to grab euros on the cheap."