01-27-2009, 01:38 AM
<b>The Euro Won't Be around in 20 Years: Jim Rogers</b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->"Not being in the euro is a competitive disadvantage," Rogers told UK paper "Metro."
"It makes it more expensive and more cumbersome to do business with the rest of the world. But I am not sure the euro (BIS: EUR-TN) will last 20 years," he said. <b>"The Italians and Germans will be in chaos because they have no plan B."</b>
Also in the <b>next 20 years China "may well be the largest economy in the world," </b>Rogers said.
<b>He reiterated his view that the pound (BIS: GBP-TN) will continue to weaken, as the City of London suffers because of the financial crisis and North Sea oil is drying up</b>.
<!--QuoteEnd--><!--QuoteEEnd-->
"It makes it more expensive and more cumbersome to do business with the rest of the world. But I am not sure the euro (BIS: EUR-TN) will last 20 years," he said. <b>"The Italians and Germans will be in chaos because they have no plan B."</b>
Also in the <b>next 20 years China "may well be the largest economy in the world," </b>Rogers said.
<b>He reiterated his view that the pound (BIS: GBP-TN) will continue to weaken, as the City of London suffers because of the financial crisis and North Sea oil is drying up</b>.
<!--QuoteEnd--><!--QuoteEEnd-->