Appearing live on CNBC's Squawk Box this morning, Buffett says he looks at European sovereign debt every day but has not gotten back into it. He also tells Becky Quick that Berkshire Hathaway does not own stocks in Eurozone banks and hasn't yet seen any opportunities to buy. He would need to understand them better, he says, before investing.
Buffett says Europe is "not going away" and its economy will be stronger in ten years. But he warns that getting from here to there may be difficult.
Buffett has been doing some big buying in the United States. He revealed that Berkshire has bought $10.7 billion worth of IBM common stock this year.
Warren Buffett on Europe and Economy: