The debt problems in Greece have been postponed, not solved, with Friday's deal to extend by four months rescue loans to Athens in exchange for fiscal reforms there, closely followed contrarian Marc Faber told CNBC on Monday.
"The [Greek] economy is not strong enough to support" the debt load, Faber said in a CNBC "Squawk Box" interview.
The publisher of the Gloom, Boom & Doom Report said the real concern of a possible Greek exit from the euro single currency could be "a closer relationship with between Greece and Russia, or Greece and China."
"That's [what] Western allies want to prevent at all costs," he added.
Greece plans to present its reform plans Monday to seal its euro zone financial lifeline, but the government drew criticism from a veteran leftist and ruling party member who said the deal let voters down.