This guy is always used as last hope by US Gov., but in reality US will face recession much sooner than Europe
Warren Buffett: US recession risk 'very low'
The chairman of Berkshire Hathaway also criticised the “half in, half out” European Union structure and called for greater fiscal union. “They’re in on a common currency but they’re not in on a common fiscal policy or a common culture or common labour practices,” he said. “It can’t be half slave and half free. European leaders need to resolve some of the union’s weaknesses.” The 17 eurozone members share the same central bank, currency and interest rate policies, but have national sovereignty over tax and budget policies and do not have a system of internal transfers from strong to weak states as ... (full story)