(Reuters) Contrarian investor Wilbur Ross was sanguine about the situation in Greece, where he has invested heavily in one of the country’s largest banks.
“We think eventually it comes around,” Ross said on CNBC Monday morning. Asked if that could take as long as five years, Ross said: “No. I don’t think so. You’d be surprised how quickly a country can come around.”Nevertheless, Ross agreed the Greek economic situation was dire. “Greece is going into a strong recession or even a depression.”
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