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Europeans Going on American Company Shopping Spree

The Europeans are coming to the United States in huge waves, but not just for the Levis, electronics, hamburgers, or Pamela Anderson. They are coming to purchase another quintessential American product: business.

European investors want to take advantage of the weak dollar, which has put lucrative companies on sale. But Europeans aren't the only ones using their purchasing power. The United Arab Emirates invested $7.1 billion in Citigroup; China put $3 billion into the financial company Blackstone Group.

Foreign Policy makes it sound like Europeans considered America some sort of third-world country. To see why,

.

The article explaining:

The average hourly manufacturing wage in Europe is 16 percent higher than in the United States. Social insurance and payroll taxes are far steeper in Europe. As are energy costs: the average price of a kilo3watt-hour for industrial usage in Europe is roughly 60 percent more than in the United States. Transportation costs are higher, too. And the cost advantages of operating in the United States don’t stop there. Land is still far cheaper in the United States.

Of course this reality puts a heavy burden on already existing European manufacturers who have not come to the US, but are still trying not to pass on higher costs to the consumer.

Many American will most likely call on their politicians to stop a Euro invasion. Which companies do you think they'll try to save first?

Source

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janneth janneth 8 years
Kas, their savings while shopping can pay for the plane ticket.
kastarte2 kastarte2 8 years
Janneth, Everytime my family comes from Norway, they stock up on clothes and stuff. They could spend hours at Wal-mart. When I last went to Norway a few years ago, there were 7 krones in a dollar and now there are 4. They can really clean up when they come this year!
bluemango bluemango 8 years
kc the arabic language is a very powerful one to know in the business world!! your niece would have the upper hand
bluebird bluebird 8 years
It's actually a street that goes both ways- other countries participate in FDI (Foreign Direct Investment) and/or FPI (Foreign Portfolio Investment) into the US, slowly boosting the value of the US dollar and the economy. As we increase our buying power, we are then able to participate in FDI and FPI into other countries. It's basic global economics- free trade and exchange rate fluctuations are effected by the state of any globally trading economy.
janneth janneth 8 years
last summer i had friends visiting from france, and every day they came home with bags and bags of clothes and shoes that they bought to take back to france.
kcwebgirl kcwebgirl 8 years
i'm making my niece take french and an arabic language. the other is taking spanish and an asian language. we'll see how that works out for them.
kcwebgirl kcwebgirl 8 years
and yet we are not able to freely invest in reversal roles. what is going on with our foreign trade policies? i need someone in office to get a clue before foreign investors own our entire country!
Kimpossible Kimpossible 8 years
I'm sorry I just double checked they do offer German, she was afraid it would be too hard lol. They also offer Japanese. so for her school it's Spanish, French, German and Japanese. that's not bad, but like you I wish more schools offered a wider variety of foreign languages. Especially more Asian languages given the influx of Asian nationalities in the states. Even Filipino would be great. I mean even here in our city alone we probably have more Chinese than we do Japanese people. And in the city we lived in in FL had a huge Filipino community.
lula29 lula29 8 years
Kimpossible, That's a shame. I thought German was always standard for most school systems. There definitely needs to be more languages offered all around though. The world has globalized so much it would be detrimental to eliminate any program that fosters learning a foreign langauge.
Kimpossible Kimpossible 8 years
I really wish more high schools offered other languages besides Spanish and French. My daughter is taking French next year which is great, but she really wanted to take Italian or German and they no longer offer either.
lula29 lula29 8 years
Well this is what Bush means when he says the economy is doing great. It is from the perspective of the market and as Bush has been stating, cutting taxes encourages investment in our market, however that still comes at a cost to U.S. citizens and I'd like to here others take on the potential cost to us as citizens. On a sidenote, I speak Spanish and for years that has been of great benefit and I always here parents tell their kids to follow suit. Lately I've been correcting them and telling them to push their kids to learn French and German because I saw this coming.
Murmur314 Murmur314 8 years
The US has HUGE debts in countries like China. Of course these countries want to see something for their money before the dollar dives even further, so they use it to buy what they deem worthy.
UnDave35 UnDave35 8 years
That makes sense. The American dollar is expected to get stronger (eventually), and any investment in the dollar will give great dividends. I'd invest in the dollar, if I had anything European to invest.
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