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Bridgewater’s Dalio: Euro Will Survive Region’s Crisis

Ray Dalio, the billionaire investor who runs the world’s largest hedge fund, said the euro will “likely” stay together because austerity measures deterring growth will be balanced by European Central Bank intervention.

“Restructuring of debt and austerity are deflationary, and they are negative for growth,” Dalio, founder of Bridgewater Associates LP, said in an interview with CNBC aired today. “The printing of money is inflationary and positive for growth. The policy by Mario Draghi and the ECB is a policy to achieve balance of those things.”