My Account | How to Invest  
This page is hosted on the fund section of Merk Funds
Home > About Us > In the News > November 1, 2011

In the News: FoxBusiness
Greece's Papandreou is looking for a way out, portfolio manager Axel Merk tells FoxBusinss

"...

'Papandreou is throwing in the towel and is looking for a graceful exit. By calling a vote, he wants the people to say that they don't want the euro rather than (saying it) himself,' said Axel Merk, president of Merk Investments and an expert on European fiscal policy.

'The people will say 'no,'' Merk predicted. 'What Papandreou’s asking is, ‘Do you guys want to suffer and make the tough choices?’ Of course the answer will be 'no.' Then the country will fall into anarchy and (Papandreou) will say it’s not my fault, it’s what the people wanted.'…"

Share