Looking to invest in the beaten-down areas of Europe? Wilbur Ross is and thinks Spain is the country of choice.
Ross thinks that Spain is a real economy with real a manufacturing economy. In other words it doesn't rely just on tourism.
Ross particularly likes Spanish banks because they have a long and strong banking tradition, and the government in Spain has done a good job of cleaning them up.
Ross expands on his interest in Spanish assets in the following video: