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.”

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