In the News: Chicago Tribune

Greece's Papandreou is throwing in the towel, portfolio manager Axel Merk tells the Chicago Tribune

"...

'Papandreou is throwing in the towel by calling for a popular vote on austerity measures now, and we believe he is almost assured a 'no' vote,' said Axel Merk, chief investment officer of Merk Investments 'This allows Papandreou to say that he tried everything he could to avoid a default, but the people have spoken.'…."