May 26, 2012
Global Recession if Greece quits?
"Chance of global recession 100%" says Marc Fabar, economist/financial author. Faber says catalyst would be a Greek exit from the EU. Interview at CNBC:
“I think the market would be relieved if finally Greece exited the euro. There would be some clarity. Although it wouldn’t be good for banks and insurance (stocks) in general I think markets are oversold and with an exit – markets would rally.”
It’s worth noting that Faber is talking hypothetically; he does not think Greece exits the EU in the near future.
“What I think will happen is that Germany will show more flexibility and issue more euro bonds.”
Greece's Golden Visa program
Advertisement: I am an Amazon affiliate
Fodor's Essential Greece: with the Best of the Islands (Full-color Travel Guide) – Amazon
- Illustrated experiences guide to the top things to see and do
- Multiple itineraries to help organize your days
- 40+ detailed maps for easy navigation
- Color photos throughout
- Local recommendations for sights, dining, hotels, nightlife, shopping, and activities
- “Best of” features covering beaches, food and drink, and more
- Trip-planning tips on when to go, getting around, avoiding crowds, and saving money
- Historical and cultural insights into Greek people, art, architecture, and cuisine
- Special features on the Acropolis, Greek gods and heroes, Greek history, Meteora, and more
- Local writers highlighting lesser-known places
- Greek-language primer with useful words and phrases
- Up-to-date coverage of Athens, Santorini, Mykonos, Crete, Corfu, Rhodes, the Aegean, Sporades and Saronic islands, Delphi, Central Macedonia, Meteora, and the Peloponnese
- 800 Pages
