Jim Rogers : The bailout not good for Ireland not good for the Euro

Jim Rogers on Frost over the world AljazeeraEnglish November 20, 2010

Singapore-based financier Jim Rogers talks about currency wars and Ireland's shaky economy.


Jim Rogers : ...I own the Euro , I want to make sure you understand but I do expect the Euro to continue to have problems , they're continuing to weaken the Euro from within , now they're talking about bailing out Ireland among other people , none of this is good for the Euro , none of this is good for Europe none of this is good for the world .....it is just a temporary thing for Ireland , Ireland still have the long term problem may be this year next year they push it up into the future but Ireland still has a gigantic debt that they have to deal with and it is going to crimp the Irish economy for decades to come because they spent too much money , whenever you drink too much you have to hang over it you have to get over it whenever you borrow too much you have to deal with it eventually .......etc...