Warren Buffett Discusses Greece and Its Credit Problems

“If you’re some South American country, you can’t print dollars. Greece —  they are a sovereign country in terms of their budget but they can’t print their own currency. They’ve got the Euro. You may be seeing sort of a test case play out here of a country that’s not using its own currency — in effect it’s using a common currency — yet it’s sovereign in making its own promises to its citizens.

“This will be high drama in my view. I don’t know how this movie ends. I try not to go to movies like that if I can.”


Filed under: Warren Buffett


  1. Buffet, is right, the Greeks are misunderstood, just ask Heidi and Agno.

    Comment by Dennis Loper — 5.03.2010 @ 6:44 pm

  2. How simple a thing is happiness: A glass of wine, a roast chestnut, a wretched little brazier, the sound of the sea. All that is required to feel that here and now is happiness is a simple heart.

    Comment by Alexis Zorba — 5.03.2010 @ 9:07 pm

  3. Greece is default.They should be dismissed from EU.Otherweise EU will be also default.

    Comment by george melele — 6.28.2011 @ 12:23 pm

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