And what should happen is that greece exits the euro zone right away and defaults on all its obligation to foreigners. If they have obligations to foreigners, it's the mistake of the bureaucrats in Brussels.
According to the polls in Greece, because they know that in the future it will be worth 70% less than a euro and that is why they don't want to leave.
Equally they don't want to have austerity and have their salaries and benefits cut by 50%. that would be necessary to bring some order to greece's household mess.
Marc Faber is a Swiss investor who serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund. He has a reputation for being a contrarian investor and has been long term bearish about the American economy.
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