Marc Faber: We Have a New Gold Standard
Web Producer, CNBC.com
But German chancellor Angela Merkel called for a change of the EU legislation to allow the expulsion of a country from the euro zone if it breaches fiscal rules repeatedly, signaling a willingness of European politicians to change the rules of the game.
"If Greece stays in, it has to be bailed out," Faber said.
"I don't regard the euro as a specifically better currency than the dollar," he also said.