GE (GE) Looks at Buys In Italy
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An Italian newspaper, Corriere della Sera, reported General Electric Co. (NYSE: GE) stands ready to buy some of Italy's technological assets.
The newspaper reports a top executive at General Electric, Ferdinando Beccalli-Falco, President and Chief Executive of GE Europe & North Asia, believes the euro will not be going anywhere as it will be too expensive for countries to return to having their own currency. Mr. Beccalli-Falco also feels the only way to reply to the current market conditions in Europe would be Eurobonds.
Mr. Beccalli-Falco is disappointed with the European Union's efforts to solve their problems and notes the real problem is "European authorities and instruments."
The newspaper reports a top executive at General Electric, Ferdinando Beccalli-Falco, President and Chief Executive of GE Europe & North Asia, believes the euro will not be going anywhere as it will be too expensive for countries to return to having their own currency. Mr. Beccalli-Falco also feels the only way to reply to the current market conditions in Europe would be Eurobonds.
Mr. Beccalli-Falco is disappointed with the European Union's efforts to solve their problems and notes the real problem is "European authorities and instruments."
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