Wilbur Ross sees challenging times despite Irish share gain

US billionaire Wilbur Ross says challenging times lie ahead for Ireland, despite the fact that his shares in Bank of Ireland have gained €105 million since he bought them.

16th March, 2012
Wilbur Ross sees challenging times despite Irish share gain
Wilbur Ross: “It’s nice that the stock is up, but the price doesn’t mean much until we want to sell it.”

The US billionaire Wilbur Ross, who bought stake in Bank of Ireland five months ago, says challenging times lie ahead for Ireland, despite the fact that his shares in the bank have gained €105 million since he bought them.

“2012 will be a challenge,” Ross said in an e-mail interview with Bloomberg News. “The Irish economy will continue to feel the effects of fiscal austerity.”

“It’s nice that the stock is up,...

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