BUSINESS
07/12/2010 05:12 am ET | Updated May 25, 2011

Jim Rogers: Bailout Is Nail In The Coffin' For The Euro

May 12 (Bloomberg) -- Investor Jim Rogers said Europe's bailout of indebted nations to overcome the sovereign-debt crisis is just "another nail in the coffin" for the euro as higher spending increases the region's debt.

The 16-nation currency weakened for a second day against the dollar after rallying as much as 2.7 percent on May 10, when the governments of the 16 euro nations agreed to make loans of as much as 750 billion euros ($962 billion) available to countries under attack from speculators and the European Central Bank pledged to intervene in government securities markets.

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