Tuesday, August 23, 2011

Axel Merk Remains Bullish on the Euro

Axel Merk, who manages Merk Hard Currency Funds (MERKX), is interviewed on the Daily Ticker (Yahoo Finance) by Aaron Task on the 23rd of August 2011.

Merk thinks the Euro will outperform the US Dollar because the ECB prints less money than the Federal Reserve and Europe has implemented austerity measures, which we have yet to see in the US.

He also believes that after a European fiscal framework is implemented, we should see Eurobonds. However, he warns that this is a long process and there is no silver bullet to solve the current European currency crisis.

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