03-30-2015, 12:11 AM
Munger, better known as the vice chairman at Warren Buffett’s Berkshire Hathaway Inc., has long been critical of Greece, saying in 2011 that the bailed-out nation has been hobbled by insufficient contributions from its citizens. Greek politics were shaken up in January when Alexis Tsipras’s Syriza party was voted in on a pledge to ease austerity and negotiate a writedown of some of the country’s debt.
Munger Mocks Greece’s ‘Idiotic Idea’ You Can Vote Yourself Rich - Bloomberg Business
With the fight to keep Greece in the euro now in its sixth year, everyone is running out of patience. More importantly, Prime Minister Alexis Tsipras’s government in Athens is running out of money. While bond yields suggest investors expect Greece to stay in the euro, economists such as UniCredit Bank AG’s Erik Nielsen say it may be just a matter of time before he’s forced to print a new currency.
A Murky, Sloppy Muddle: How Greece’s Exit From Euro Could Happen - Bloomberg Business

