Europe is just pushing the problem out into the future

Legendary investor Jim Rogers interviewed by Yahoo Tech Ticke on this 05th Dec 2011 : "We're going to let the banks who made mistakes go bankrupt, we're going to let Greece go bankrupt, we're going to take massive losses, we're going to ring-fence the system and start over,That would be a solution to the problem.Then you wouldn't have massive overspending ,you wouldn't have massive debt generation and Europe would be a sound economy and a sound currency again , is it going to happen ? NO they are going to do something which is going to push the problems out into the future and Jeff next year we are going to have this same conversation about 'can they do something to pull us back from the break "