As reported by «Market Leader» (US)
Is Warren Buffet right about the collapse of Euro?
On March 24-25th Brussels hosted the European summit aimed at adopting a package of measures to stabilize the common European currency rate. However the EU leaders were upset not only by the protests arranged in Brussels. The resignation of the Portuguese Prime Minister was much more distressing.
There was another sensation: "Enough of a strain could cause it to fall apart," billionaire investor Warren Buffett told CNBC on Thursday. "I know some people think it is unthinkable, I don't think it is unthinkable." The American billionaire assumes that the efforts made by the EU leaders are useless as the idea of creating a common currency (EUR) was initially wrong. He points out the fact that the developed and strong EU economies have to solve the problems of the peripheral EU states such as Greece, Ireland, Portugal etc.