What Is Better For Greece

In an ideal world it might be better for Greece to leave the Eurozone. If they wanted to set themselves up as some kind of limited government tax heaven, some kind of bastion of free market capitalism in Europe. Then Greece would come back strong. But given the electorate there and the way the political winds are blowing, if they were to leave the Eurozone they would be even more to the left. They would be even more to the left. They would be even more socialist. But the problem is socialism only works in Greece as long as you have Germany`s money.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.