There were some interesting comments today by Warren Buffet, Chairman and CEO of Berkshire Hathaway, on the eurozone debt crisis.
In particular, Buffet gave this very apt analogy:
"The European situation is not solved... They've got a lot of work to do. When you have 17 countries that all have the same currency, and the yields on their bonds are all different, the situation is not solved. It's like 17 people holding hands and one guy starts walking towards the end of the cliff, and suddenly there's 12 people left and you have to start thinking -- do I want to be holding hands with this group?"
(This is also an analogy we've hinted at before on here)
We would add though, that it now looks more like these people have their hands handcuffed to each other and they're all looking around realising none of them brought a key...