Europe’s $2 Trillion of Distressed Debt Set to Outstrip U.S. -- Bloomberg
The distressed debt market in Europe is set to outstrip the U.S. for the first time as the region’s sovereign crisis forces banks to sell $2 trillion of underperforming assets, Strategic Value Partners said.
“The opportunity set in Europe is very attractive and rich,” said Victor Khosla, founder of the Greenwich, Connecticut-based distressed-debt hedge fund manager, said in an interview. “It far exceeds the U.S. for the first time.”
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More News On Europe's Debt/Financial Crisis
Portuguese Bailout Terms Discussed -- Wall Street Journal
€80bn bailout required for Portugal - Rehn -- RTE News
Portugal bailout price: More pain -- Market Watch
EU expects to conclude bailout package to Portugal by mid-May -- Xinhuanet
EU Receives Portuguese Bailout Request -- Radio Free Europe
EU ministers discuss Portugal bail-out terms -- Financial Times
Portugal must agree "harder" reforms to get aid -- Reuters
European bail-outs -- The Economist
Pressure grows on European bailout fund on fears it's too small for if Spain goes -- The Telegraph
European Debt Crisis Morphs Into New Phase: Mohamed El-Erian -- Bloomberg Businessweek
Pain awaits Portugal as bail-out reality hits -- The Daily Telegraph
Britain's £6bn bill to bail out Portugal... and will Spain be next? -- The Daily Mail
Greek Sovereign Debt Remains Riskiest In World During 1Q - CMA -- Wall Street Journal
Greece World's Riskiest Sovereign - Again -- CNBC
FACTBOX-Coming events in euro zone debt crisis -- Reuters
The Return of the Sovereign Debt Crisis -- Daily Reckoning
Europe's leaders are choosing to ignore reality -- The Independent (commentary)