Buffett says Europe's fiscal problems will linger

OMAHA, Neb. — Billionaire Warren Buffett said Monday that Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend’s election results in Greece and France. But he says the turmoil in Europe won’t keep him from investing.

Maybe it ultimately proves the wisdom of Buffett’s approach to riches — buying good solid investment vehicles when they’re at prices that represent good value Warren Buffett is once again the world’s third-richest person.

New Democracy won the Greek election. However, party leader Antonis Samaras still needs to form a coalition.  If this seems like Déjà Vu, it's because it is. We were in the same place following the May election. Does the Outcome Matter? This go around, I expect Pasok will reluctantly cave in and form a coalition with New Democracy.  The price might be high, such as demanding the much despised Antonis Samaras to step aside. Regardless, does the outcome matter?