Billionaire investor Warren Buffett is cautious in his outlook for the Euro, even as the currency made a strong rebound in the third quarter. At a conference outside Tel Aviv, Buffett said that the euro's strength would still be tested.
"There's a real challenge when you try to get a large group of countries with different cultures, different attitudes toward fiscal policy, to share a common currency... I think it's going to be an interesting one to watch," Buffett said in previously recorded remarks, according to Bloomberg.
While the U.S. can print money to repay its debt, the cannot operate an independent monetary policy.
No comments:
Post a Comment