Jim Rogers says Ireland would be better off 'bankrupt'

Legendary investor Jim Rogers believes Ireland and wider Europe would be better off if the Celtic Tiger was allowed go bankrupt.

Rogers, who started the pioneering Quantum fund with George Soros in 1970, says the European Union and the single currency could withstand letting Ireland run out of money. "I think they should go bankrupt. I think they would be better off, I think Europe would be better off and the world would be better off," Rogers told Russia Today before Ireland had accepted an EU bailout. "Greece is a very small part of the EU; Ireland is a tiny part of the EU. It is not going to end the EU. "It would be good because it would show people they want a strong euro and strong currency and show tha...