Munger Says Europe Leaders ‘Behind the Curve’ on Debt Crisis

European leaders, who have directed about $350 billion to aid Greece, Ireland and Portugal, need to do more to resolve the continent’s debt crisis, Berkshire Hathaway Inc. Vice Chairman Charles Munger said.

“They are way behind the curve,” Munger, 87, told Bloomberg Television’s Shivaune Field in an interview today in Los Angeles. “They have to stop shooting at this elephant with a pea shooter.”