Faber Says Greece Needs Debt Writedown of as Much as 50%

April 30 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks with Bloomberg's Maryam Nemazee about Greece's debt crisis.

Copyright Bloomberg 2010

Marc faber Greece needs debt writedown 50% greek financial crisis rating agency downgraded downgrade Portugal spain italy Ireland Iceland pigs piigs economic collapse second wave imf emf central bank france germany protestors riots euro eurozone zone eu European union junk bonds interest budget UK England Britain Athens contagion spreads bond status eurozone default wall street dow S&P rating moodys credit rating budget government deficits gdp

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[pretorious700]

Bloomberg has the hottest news babes.

[fal2grace]

@pretorious700 they do hire attractive women:)

[workwillfreeyou]

The common sense thing to do for Greece would be drop out of the Euro. Cut back on consumption. Default on all foreign loans. And stop importing goods. I think that's what the U.S. is going to have to do if they want a recovery.

[Bigbleachy]

@SIGN666

I see that people are always saying that "Americans need to riot". There are many different, very different groups that protest the working of the government and they aren't all radicals. Most of them won't be anarchists and communists, unlike Europe. Fiscally, America's in the same boat, but politically, there is a major chance that the anarchists won't be doing most of the rioting.

[balkesen3]

i can bail out a greek family if anyone of them is interested, would mean i own them for life though lol lol lol.

oh im a turk BTW.

[GenerationFN]

hEY, maryam is really hot !!!

i used to watch her on bloomberg, but she never wears short dresses, why????

i want to see her beautiful legs :)))

[wingsmanx5]

China just invested some money in Greece, hopefully can give some help, wishing Greece is alright.

[cjellwood]

since when have sovereign countries had their economics scrutinised by a credit rating agency called 'Faber' ? lol

[LakedemonP]

If Greece gets out of EU then the Balkans will follow.Then the economic play will target Spain and Portugal.After that Ireland,Italy,England and many more.You forget that Greece has a debt of 310 billion euros only.If you see the debt of half of EU or USA or Japan it's tiny.Greece is not the problem.The economic sharks is problem.You have to understand that.The simple truth is that our goverments wants a global economic goverment.That meens that they want everybody to become economic slaves.