Warren Buffett: “If Greeks could print drachmas they would not have a debt problem”
- Written by E.Tsiliopoulos
Warren Buffett in a televised interview at Bloomberg News Agency compared Greece to the US.
"We've got the right to print our own money, that's the key. Greece lost the power to print their money. If they could print drachmas they'd have other problems, but they would not have a debt problem. And seventeen countries in Europe gave up the right to print their own money. That's enormously important. And we've got the right to print our own money, so our credit is good." Buffet said.
Warren Buffett is considered the most successful investor of the 20th century. Buffett, an american business man, is the chairman, CEO and largest shareholder of Berkshire Hathaway[4] and consistently ranked among the world's wealthiest people. He was ranked as the world's wealthiest person in 2008 and as the third wealthiest person in 2011.In 2012, American magazine Time named Buffett one of the most influential people in the world.
Related items
-
Greece to classify elder phone scams as felonies amid nationwide 'epidemic'
-
Navios advances shipbuilding program with 11th 115,000-dwt tanker
-
Mitsotakis warns Turkey: No room for "War Threats" and sovereignty challenges amid EU bid
-
Super swimmer Spyros Chrysikopoulos became the first person to swim from Greece to Italy
-
‘Unprecedented Crime’: Lawyer says German mother in Athens baby case denies harm
Latest from E.Tsiliopoulos
- Greece to classify elder phone scams as felonies amid nationwide 'epidemic'
- Navios advances shipbuilding program with 11th 115,000-dwt tanker
- Mitsotakis warns Turkey: No room for "War Threats" and sovereignty challenges amid EU bid
- Super swimmer Spyros Chrysikopoulos became the first person to swim from Greece to Italy
- ‘Unprecedented Crime’: Lawyer says German mother in Athens baby case denies harm