He said that the E.U. is “three times more levered” than the U.S. and that the entire system is “on life support.”
He believes that the there's a small window of short-term investment opportunities in the E.U. that are akin to "picking up a dime before a bulldozer."
Bass also echoed the popular opinion that Greece needs to leave the E.U. if it is ever going to be competitive.
However, he also went into less charted territory after Ruhle asked: "In Europe, any chance you see Germany leave the euro?"
"Yes," he replied.
"And what kind of time frame?" Ruehle followed.
"I think in the next 3-4 years you see them take a step back," said Bass. "How many of your relatives would go joint and severally liable with?...Let's not even discuss relatives, let's discuss 17 people that you might have been fighting with for 200 years."