NEWSMAX: Billionaire Warren Buffett says he doesn’t think another U.S. banking crisis is likely, but sovereign debt issues in Europe remain a concern…
Buffett says European banks could have problems if those nations are unable to resolve their debt problems.
Buffett says it’s hard to say whether the countries in the European Union will be willing to stay tied to a single currency if they have to keep bailing out other nations… (more)
EDITOR: We envision a European Union with less countries allowed to substitute the Euro for their national currencies. To a certain extent, this already exists since Eastern European nations more recently allowed to enter the EU have been required to retain their currencies until the indefinite future when their economies and policies are deemed to merit their inclusion.
