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Ireland to Lead Recovery From Debt Turmoil, Ross Says: Tom Keene

Ireland’s aggressive efforts to cut spending will make it the first European nation to recover from the sovereign-debt crisis, according to the billionaire investor Wilbur Ross.

“Ireland will be the first of the euro countries to recover because they really bit the bullet,” Ross, chairman of WL Ross & Co., said in a radio interview on “Bloomberg Surveillance” with Tom Keene and Ken Prewitt. “Once they get through all that, the fundamental advantages of Ireland are intact.”