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, read more.
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?