A goldmine for enterprising criminals. Even legitimate borrowers face sky-high default rates. Taxpayers to eat the losses.More
Hong Kong’s Overleveraged Commercial Real Estate Tycoons Unravel, Prices Plunge, Creditors Begin to Take Over
Another 34% markdown. The haste with which creditors want to execute the sale adds to the gloom.More
Commercial Real-Estate Fallout Even Douses the Queen of England
Office Workers Are Again Told to Work from Home, Retailers Don’t Pay Rents, UK Commercial Property Owners Sink Deeper into the Mire.More
Grim Summer Turns to Long Cold Winter for European Airlines as Passenger Traffic Dives Again
A struggle for basic survival and for new money to burn.More
Hit from All Sides, European Bank Stocks Swoon to 1988 Low
Leaks about money laundering, a resurgent Pandemic, China risks, exposure to Turkey’s financial crisis, all in a negative-interest-rate environment that is toxic for banks.More
On Concerns about Turkey’s Financial Health, Lira Dives to New Low, Cost of Insuring Turkish Sovereign Debt Nearly Doubles
The heavy weight of debts denominated in foreign currency. Borrowing in dollars & euros is cheap until it isn’t.More
What’s to Be Done Now with All These Zombie Companies?
Saving the Zombies in EuropeMore
How Spain Became a Squatter’s Paradise
For many, squatting is a desperate last resort. For others, it’s a lifestyle choice or political statement. Barcelona, ground zero of the phenomenon, attracts squatters from all over Europe.More
Unprecedented Stimulus Is Fueling an Explosion of Fraud, Governments Begin to Admit
“If you discover at a later stage that there was Mafia involvement, how do you undo what you’ve already done?”More
“Prolonged Period of Risk to Institutional and Retail Investors of Further – Possibly Significant – Market Corrections”
European Market Regulator flags big issues, including the “decoupling of financial market performance and underlying economic activity.”More
Nick Corbishley 