Blackstone, the largest private equity firm globally, has announced plans to invest at least $500 billion in Europe over the next decade. CEO Stephen Schwarzman attributes this optimism to a combination of European economic reforms, lower company valuations compared to U.S. counterparts, and changing government policies. He noted that European leaders are increasingly aware of the unsustainable low growth rates, which has spurred discussions on deregulation within the EU. This positive outlook starkly contrasts with the previously reported pessimism at the World Economic Forum earlier this year.
Blackstone sees potential in Europe with plans to invest at least $500 billion over the next decade, citing signs of change and economic reforms as key drivers.
European leaders are becoming more sensitive to low growth rates, looking to deregulation through the EU to foster improvements, prompting optimism from Blackstone's CEO.
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