According to Bloomberg, billionaire investor Warren Buffett assured that Greek exit from xist from single currency bloc is unlikely to have an adverse effect on the eurozone. Moreover, the businessman added the region may even benefit from that.
"If everybody learns that the rules mean something and if they come to general agreement about fiscal policy among members or something of the sort, they mean business, that could be a good thing," Warren Buffet said.
He also noted that the euro has structural problems, which does not mean the whole project will necessarily fail. "You can adapt to those structural problems, but maybe some countries won't adapt and they won't be in. It's not ordained that the euro has to have exactly the members that it has today," the billionaire believes.
At the moment, financial aid negotiations between Greece and its lenders are still far from conclusion. Financial help is required to save Athens from going into default. Besides, Greece needs to secure money to repay the loan tranche of 10 billion euros in April. The Greek government’s reluctance to impose a full package of austerity measures is one of the key reasons why the agreement has not been reached yet.
