About Global Economy 2012 - Buffett (past experience): Europe is rapidly deteriorating situation. EU has no control and can not print money - right or wrong?

Europe is deteriorating situation "pretty soon", since it seems that nobody is in control, and the EU can not print money, says U.S. billionaire Warren Buffett.

Buffett is confident that the Europeans will be able "to resolve the situation" in ten years, but for now there is no obvious solution.

An important part of the problem is that nobody seems to have control in Europe, the region does not have its own 'printing money, "said Buffett said on CNBC.

U.S. investor said he did not know whether the euro will continue to exist in ten years, but believes that the euro may not survive as it was originally designed.

The U.S. economy slowed to such an extent that is actually stagnant, Buffett said. Despite the slowdown, the U.S. economy is doing better than any other large economy in the world, he said.