A Greece bankruptcy would actually be a good thing because it's time for people to acknowledge reality. If you’re bankrupt, go bankrupt, reorganize. Countries have been going bankrupt for centuries, there’s nothing new about it.
If Greece defaults, some other countries will default too—Italy, Spain, Ireland and a few others. If this happens the euro will go down a far amount. But I would buy all the euro I could at that point because then that would mean that Europe is going to have a very strong, sound currency. People can not lie about their finances anyone, people have to run a tight ship.
It would be a lot of pain between now and then, but boy if that happened in the next month or so, buy all the euros you can. - in CNBC
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
