Tuesday 24 January 2017

Maeve Dineen: Wilbur Ross's miracle recovery isn't going to happen

Published 05/09/2011 | 05:00

WILBUR Ross is a good guy and he's talking up a storm right now as he touts Ireland as an ideal investment opportunity. This has had real and positive consequences -- while there are many reasons for the very welcome decline in Irish bond yields, one key reason is the frequent appearance of Ross in the US financial media recommending Ireland as a good place to invest.

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Ross, who was one of the investors who bought a stake in Bank of Ireland this summer, was at it again last week, telling people that we will be the first European nation to recover from the sovereign debt crisis and will once again become the Celtic Tiger.

"What's not to like?" as our American cousins like to say.

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