Rogers: The Euro Is Headed for Extinction

The European debt crisis sounds the beginning of the death knell for the euro, says investment icon Jim Rogers.

"The euro will probably break up in the next 15 to 20 years," he says. "We've had currency unions in history. They didn't survive, and this one won't survive either," he recently told told CNBC.

Greece suffers from a budget deficit that totals 12.7 percent of GDP, and public debt that is forecast to exceed 120 percent of GDP this year. So the European Union has pledged assistance.

"If (the euro zone helps) the Greeks, that weakens the fundamentals of the euro," Rogers said. (more)