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Today's move by European leaders to allow the direct use of bailout funds to recapitalize banks...

Jun. 29, 2012 7:10 PM ETBy: David Yelle, SA News Editor15 Comments
Today's move by European leaders to allow the direct use of bailout funds to recapitalize banks does nothing to help solve the region's real problem, which is high debt, observes Jim Rogers. Finding a way to get the banks to borrow even more money doesn't solve the problem, it just makes it worse. “People need to stop spending money they don’t have," Rogers says. "The solution to too much debt is not more debt."

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