Rogers: Greek resolution worse for the euro

Eurozone leaders revived hopes for the future of the single currency last week by agreeing €109bn of further aid for Greece, some of which will be funded by bondholders as the country is allowed to selectively default.

Outspoken industry maverick Jim Rogers has previously said the eurozone debt crisis was “the death knell for the euro”. Speaking exclusively to Investment Week, he explains why the latest bailout has made the situation worse for the single currency. How has last week’s news impacted your view on the euro? EU leaders are just doing the same thing, but they are making the problem worse. This does not change anything from what I have said about the euro before. Do you view the haircuts for bondholders as a drastic step? It is a positive step but not a drastic step. A drastic step need...