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BlackRock CEO: Plans to invest $500 billion in Europe over the next decade and expand into Middle Eastern investments.
[Chain News] PANews, June 10 - Blackstone Group CEO Stephen Schwarzman stated that the group has “ample funds” and plans to invest $500 billion in Europe over the next decade. Schwarzman expects policy changes to drive an increase in the European economic growth rate. Blackstone will also begin investing in the Middle East. Regarding the tariff situation, Schwarzman said that the tariff issues will be resolved in 6 to 9 months, and that tariffs have little impact on inflation and economic growth.