In the News: SmartMoney

A default in Greece is preferable over uncertainty, portfolio manager Axel Merk tells SmartMoney

"...

'The most important thing is whether there will be more clarity coming out of Europe,' says Axel Merk, president of Merk Investments.

'Ultimately, if Greece were to fail, that would be OK, but let’s just get it out and over with and just deal with it. Not knowing what will happen and if this will be a patching solution vs. a real solution is negative' for the euro and much of the region. ..."