Deals
Wilbur Ross Tells CNBC Ireland Will Be Europe’s First Recovery
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Billionaire Wilbur Ross, chairman of WL Ross & Co., said he is confident Ireland will be the first European economy that recovers.
“We like Ireland very much because, unlike the Club Med countries, it doesn’t need structural reform of the economy,” Ross said today in an interview with CNBC. “All it really needs is to get through the system the financial crisis that was caused when its banks went berserk. But Ireland fundamentals are still there.”