In the News: Christian Science Monitor

In a Christian Science Monitor Op-ed, portfolio manager Axel Merk argues policy makers must make banks strong enough to stomach potential sovereign defaults

"… The first truth the eurozone needs to understand is particularly uncomfortable: Member nations may default. Government defaults are nothing new. However, the eurozone should take great care that a default does not lead to an implosion of its financial system, as it would cripple the real economy. That leads to the second uncomfortable truth: If the eurozone is to survive, policymakers will have to stop trying to save European nations and save European banks instead…"