As Europe battles its debt crisis, businesses and financial firms from the United States are swooping, making loans and snapping up assets owned by banks - from the mortgage on a luxury Miami hotel to Dublin's tallest office block.
The sales are taking place because European banks are scrambling to raise capital and shrink their balance sheets - often under orders from regulators.
Huw van Steenis, an analyst with Morgan Stanley, estimates that European financial institutions will unload up to $US3 trillion in assets over the next 18 months.
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