After announcing a deal with the Irish government to buy the country’s largest savings bank, EBS, legendary investor Wilbur Ross, chairman and CEO of W.L. Ross & Co., told CNBC Monday that the European nation will have a V-shape recovery.
“Ireland is going to go through a period for a little while. The government has moved very aggressively to deal with the problem,” said Ross, who is known for investing in seemingly risky ventures that turn out well.