Debt Crisis And Sovereign Debt Defaults

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Marc Faber, economic forecaster, believes the United States will go through a debt crisis within the next five to ten years and that a lot of countries, such as Portugal or Ireland, could face defaults.

Most countries that will blow up will be the “PIIGS,” which are Portugal, Ireland, Italy, Greece and Spain and he expects that at least one of them will default in the next couple of years. If that does truly happen then it will be the death of the Euro.

in Digital Journal

http://www.digitaljournal.com/article/285714

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Marc Faber on the Debt Threat and the US UK Portugal Moody rating