Eurozone countries will pay “a terrible price” for running up hefty debt burdens, while the European Central Bank (ECB)’s plan to buy sovereign debt to lower borrowing costs in countries like Spain and Italy won’t steer the continent away from disaster, said international investor Jim Rogers.

“These guys have been saying the same old garbage for a long time. It’s not a game-changer — it’s good for the market for maybe a month,” Rogers said of the ECB’s plan to purchase sovereign debt, according to CNBC.

“The debt keeps going higher and higher and eventually we’re all going to pay a terrible price.”

Editor's Note: Unthinkable Haunts Investors: Evidence for Imminent 90% Stock Market Drop.  

Any stock market gains stemming from monetary intervention will be short-lived, as investors will sell on fears that the fundamental health of the eurozone economy remains weak.

“It’s not an opportunity to make money for me. This is not good for the market and it’s not going to last,” Rogers said.

“Every three or four months [eurozone politicians] have a summit and they say ‘Ok guys, everything is ok now.’ The market goes up. But we’re getting a little tired of this and the market is getting a little tired of this,” Rogers added.

Other stumbling blocks remain for the eurozone, as well.

A German court is mulling the constitutionality of the country’s plans to participate in the continent’s European Stability Mechanism, a permanent bailout fund.

A ruling that participation in bailout activities violates the German constitution could complicate the ECB’s bond-buying plan and other activities.

The court could announce its decision later this week, and many investors remain hopeful for a market-friendly ruling.

“This court ruling could complicate things enormously, but that’s unlikely,” said Brian Gendreau, market strategist with Cetera Financial Group, according to CNNMoney.

“Investors are likely to keep focusing on the ECB’s plan as a roadmap, which it’s been lacking for quite a while.”

Editor's Note: Unthinkable Haunts Investors: Evidence for Imminent 90% Stock Market Drop.