Europe is a tapestry. Dense, colorful and deserving of continued longevity and prosperity, writes Trump
Trump says he has long been a believer in the "look at the solution, not the problem" theory
The future of Europe, as well as the United States, depends on a cohesive global economy
Editor’s Note: Donald Trump is an American entrepreneur and one of the world’s foremost investors. He is the Chairman and President of The Trump Organization. In this article, Trump discusses solutions to the global financial crisis and Europe as an investment opportunity.
What has been made clear by current events and financial upheavals since 2008 is that the global economy has become truly that – global.
The near meltdown we experienced a few years ago made it clear that our economic health depended on dependence on each other to do the right thing.
We are now closer to having an economic community in the best sense of the term – we work with each other for the benefit of all.
I think we’ve all become aware of the fact that our cultures and economics are intertwined. It’s a complex mosaic that cannot be approached with a simple formula for the correct pattern to emerge. In many ways, we are in unchartered waters.
The good news, in one respect, is that what is done affects us all. There won’t be any winners or losers as this is not a competition. It’s a time for working together for the best of all involved. Never before has the phrase “we’re all in this together” had more resonance or relevance.
My concern is that the negligence of a few will adversely affect the majority. I’ve long been a believer in the “look at the solution, not the problem” theory. In this case, the solution is clear. We will have to leave borders behind and go for global unity when it comes to financial stability.
Is this possible? Is this a new frontier? Yes and no. There is the fait accompli strategy – stay under the radar – and the passive aggressive strategy, acts of terror used to paralyze and so on – so the bottom line must be balance. Rationality must rule. There are philosophical approaches to economics. However, at this point, we don’t so much need philosophy as we need action. Which way to proceed is the question.
You ask about Europe in crisis as an opportunity for investment. I see the world in crisis at the moment. I’m a firm believer that there are always opportunities whether the markets or up or down, but it requires insight and sometimes creativity to see those opportunities. I have no doubt that the balance we need will be achieved, but it won’t happen overnight.
Europe is a tapestry that is dense, colorful and deserving of continued longevity and prosperity. There are many pieces that must be carefully fitted together in order to thrive.
Our challenge is to acknowledge those pieces and to see how they can form a whole that works together well without losing any cultural flavor in the process. It’s a combination of preservation along with forward thinking.
Europe is a terrific place for investment. I am proud to have built a great golf course in Scotland after searching throughout Europe for five years for the right location. I’ve seen many beautiful places.
The future of Europe, as well as the United States, depends on a cohesive global economy. All of us must work toward together toward that very significant common goal.
The opinions expressed in this commentary are solely those of Donald Trump.