Fusion: Will PIIGS nations have to leave the Euro in order to devalue their currencies and improve their competitiveness ?
Jim Rogers: The Euro will look very different in a number of years. Devaluing is a temporary solution. Europe has been doing that for decades with no success. They can continue to do what they’ve been doing, but they’ll get poorer and poorer. Only real structural change to improve their economies will work. I do not blame the hard working Germans for not wanting to keep bailing out the wine sipping, beach loving Spaniards, Italians and Greeks. - Jim Rogers interview with Fusion MarketSite
