Jim Rogers : New Greece Deal Cannot Save Europe

Jim Rogers : "Politicians have delayed addressing the problem yet again,"
"It will come back in a few weeks or a few months and the world will still have the same problem, but this time only worse because the European Central Bank and other countries will be deeper in debt."
"Never in a million years did I expect them to impose a haircut of 50 percent; this shows at least somebody is starting to accept reality,"
"Greece is bankrupt, but others are too, and these haircuts will have to come back and be wider,"
"Most European countries are increasing their debt rather than decreasing their debt,"
. "Until that changes, the problems are going to continue, just as they will in the U.S." - in Investment Week.