Billionaire
investor and chairman of Singapore-based Rogers Holdings, Jim Rogers
believes that no country will exit the euro zone this year.
“I don’t
think we’ll see anybody will leave the euro zone in 2012, there
are 40 elections in 2012 there will be more problems this year.
Governments everywhere will do their best to make sure we get through
elections. Maybe in 2013 you should panic and certainly by 2014
you should be panicked but 2012 will be better,” Rogers told
CNBC Monday.
Rogers, who
calls the monetization of the EU debt a “horrible mistake”,
added that he remains short on European equities.
“I would
love for [Europe's policymakers] to say that ok it’s a disaster
and for banks and shareholders to say they will take big losses.
Everything would collapse and I would buy all the euros I could
and all the stocks I could, but I don’t think that is going
to happen,” Rogers said.
