Europe, marked by the debt crisis is now a great opportunity for investors seeking cheap land and unique opportunities for acquisitions, including in Greece, according to billionaire Donald Trump, who expects the eurozone to fall apart eventually, reports CNBC. “You can buy land for nothing, you can get anything for nothing. Just wait a while, but there are plenty of opportunities in Europe. There is no doubt,” said Donald Trump.
He added that he is interested to invest in Europe. “I’m thinking of something, it’s ridiculous, laughable and I’m still thinking about doing something there with a very smart group, there is an opportunity,” the billionaire said. His comments took place as investors have welcomed the election results Sunday in Greece, won by the New Democracy conservatives, pro-euro, which will probably form a coalition government with the Socialist party PASOK and the smaller Left Democracy party.
Meanwhile, attention is directed to Spain, where the bond yields have climbed to record levels because of concerns about the under-capitalization of banks that may need the help of over 100 billion euros, an amount recently approved by the leaders in the euro area. “Spain is an amazing place. It is a large country that has a fever, it is time to take advantage,” said Trump.
Trump’s opinion about the European finances remains pessimistic, but not as those who predicted that the debt crisis in Greece, Spain and other countries will cause a world recession. “I expect many countries to return to their own currency,” said Trump, adding that the world will go on, and the impact will not be as big as anticipated.