European leaders will need to take "urgent action" if they want the euro to survive, says Warren...

|By:, SA News Editor

European leaders will need to take "urgent action" if they want the euro to survive, says Warren Buffett. The system they have is fundamentally flawed, because it prohibits countries from issuing bonds in their own currency. Unfortunately, without any like mechanism in place, the Oracle of Omaha says it's doubtful the European Union going to survive this crisis.