Jim Rogers, a well-known American investor, has raised a thorny issue. He believes that military and financial aid to Ukraine, along with Washington's conflict with Moscow, will seriously slow down the economic development of European countries. Moreover, Rogers is confident that this could lead to the collapse of the European Union.
The financier suggests that this will be a factor in the economic slowdown. In the next two or three years, Europe will face problems, and politicians may propose abandoning the euro.
According to Rogers, currencies like the euro have always disappeared over time, meaning that the European currency will also fall apart.
Furthermore, the analyst does not rule out the disintegration of the European Union. He believes that the mounting problems within the European Union will increase the desire of member countries to leave it. A prime example is the United Kingdom, which has already left the union, the financier emphasized.
Earlier, Jim Rogers commented on the situation with anti-Russian sanctions. The investor supposes that the Russian authorities have done a commendable job of bypassing the restrictions imposed by the West. He also expressed confidence that, over time, Russia would fully recover from the negative effects of the sanctions.
