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IPFS News Link • Economy - Economics USA

Joe Saluzzi "It's gonna crumble" - Jim Rogers "Nail in the coffin for the euro

05-12-2010 • ZeroHedge.com

The time when we could have done something to fix the system is now long gone, courtesy of the administration's waffling for the past two years as instead of getting to the root cause of the last and future crash, it was focused on bailing out bankrupt banks. As Rogers said in discussing the now failed bailout: "I was stunned. This means that they’ve given up on the euro, they don’t particularly care if they have a sound currency, you have all these countries spending money they don’t have and it’s now going to continue. It’s a political currency and nobody is minding the economics behind the necessities to have a strong currency. I’m afraid it’s going to dissolve.

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Reported By Jack Gregson

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