The Euro Debt Crisis: Uncertainty, Caution, Opportunity for US Investors

(Greg Cooke is chairman of BNP Paribas Real Estate UK. As GlobeSt.com reported in March,Transwestern have entered into a global services alliance giving the Houston-based firm a 30-country reach while it provides stateside services to BNP clients. Views expressed here are the author’s own.)

Much like the brilliant but dysfunctional family in the movie “The Royal Tenenbaums,” the European Union considers itself a family (of nations), but is also somewhat dysfunctional. And with the Euro, the EU has its own crisis with which to deal. The Tenenbaum children’s early success ends up in difficulties, so it is good to ask how the EU ended up in a mess when it all started so well, and what it means for real estate investors.