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Buffett – Europe Has Been Trying to Patch Something That Leaks

July 12, 2012 | About:

Warren sure gets up early in the morning to talk to Becky doesn’t he?

Warren says that the euro system is fundamentally flawed and there is no obvious answer. Ten years from now he thinks Europe will be working fine, but he doesn’t know if it will involve the euro.

A common monetary union when you don’t have common fiscal rules doesn’t work.

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