Rogers: Surprise 50% Greek haircut not enough to save Europe

Jim Rogers has welcomed last night's eurozone deal, saying the size of the haircut for Greek bondholders was much higher than he had expected.

However, the veteran investor warned eurozone leaders have failed to address the crux of the problem, by only enforcing haircuts on holder of Greek debt. He said   the problem is likely to come back to haunt investors in the near term. "It is good news. It is about time they started doing what is necessary. The problem is they have not dealt with anyone except Greece," said Rogers. "Politicians have delayed addressing the problem yet again. It will come back in a few weeks or a few months and the world will still have the same problem, but this time only worse because the European Cen...