New York, April 19 (alphajetsusa.com)- Recovery of the euro zone might take long time but it would finally happen, however, euro’s exchange rate will be weaken, according to BlackRock Inc chairman & CEO, Laurence D. Fink.
According to MarketWatch, Fink expects that euro could get weaker, probably to $1.15 or even $1.10. He also said that contribution of public finances in the euro zone will require few more years.
The head of the world’s largest asset management institution also said that real-estate market of Spain would need another four to six years to come out from the crisis. After noticing that the real-estate crisis in the US will require a year to overcome, he said that it might result in fall of the property rates.