Jim Rogers on Europe Portugal and Greece

In a recent interview Jim Rogers when asked about his opinion on what is happening in Europe and in Particular in Greece and Portugal : " I find it pretty absurd what is happening in Europe. I find it absurd that people who have been doing the right thing—Germany and some other countries—are suddenly going to have to pay up people who have been doing the wrong things—spending huge amounts of money they didn’t have and lying about it as well. I find that absurd.

In my view the best thing that could happen will be for Greece to go bankrupt. It will be good for Greece, it will be good for euro and it will be good for Europe because people would understand that Europe is going to have sound currency. They are not going to lead people spend money. They don’t have and if they did that, and we all realize this is going to be a sound currency, I and probably many others could buy lots of euros."