no deal

Greece fails to reach initial deal on reforms with lenders

 

Warren Buffett, the billionaire chief executive and chairman of Berkshire Hathaway, has said a Greek exit from the eurozone could be constructive for the region.

"If it turns out the Greeks leave, that may not be a bad thing for the euro," Mr Buffett told CNBC. He said that member countries could come to better agreements about fiscal policy if Greece left the single currency.

"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," Mr Buffett said.

Telegraph