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OMAHA, Neb. (AP) — Billionaire investor Warren Buffett says Europe’s debt concerns and the anemic U.S. home construction business will continue to hurt the economy even though many businesses are performing well.

Buffett told CNBC on Monday that the recent leadership changes in Italy and Greece should help, but investors are losing confidence in the euro. And Buffett said Europe doesn’t have anyone with the authority to take the measures needed to defend the currency.

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