Eurpoean leaders finally cobbled together a deal to secure Greece’s financial future with the IMF dragged in alongside the EU to provide emergency funds if the Mediterranean debt-junky needs it.

Outside of Greece, not everyone is so pleased. European Central Bank chief Jean-Claude Trichet said the IMF’s role in Greece is “very, very bad” because it means European countries are shying away from their responsibilities.

And Jim Rogers was even more scathing:

CNBC: “The Greeks have never lived within their means, and I suspect this time they won’t either, until they’re forced to by either bankruptcy or by someone just refusing to give them loans,” Rogers said.

And he doesn’t think the Greeks are the only Europeans that throw cash around like it’s confetti whilst pretending to be sensible:

“A few years ago the French came up with some phoney bookkeeping that was so absurd that even the Italians were stunned… and the Italians have been using phoney bookkeeping for centuries. This is rampant in Europe,”

More>

The sad thing is, he’s right.