Warren Buffett has warned that the euro zone cannot work in its current form, but is more confident about prospects for the U.S. economy, according to a report.
"They can't have a common currency, but not
Buffett believes there is little chance of the U.S. economy entering recession in the near term. The legendary investor called on both sides of the political divide to compromise, the Democrats on spendingand the Republican’s on tax increases.
Buffett, who was talking at the event to David Rubenstein, the managing director of investment giant Carlyle Group, said he supports President Obama but is not a “card-carrying Democrat.”