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Europe To Top U.S. In Distressed Debt

Europe is expected to top the U.S. for the first time in the amount of distressed debt banks need to sell, according to Strategic Value Partners, reports Bloomberg.

Europe is expected to top the U.S. for the first time in the amount of distressed debt banks need to sell, according to Strategic Value Partners. The current sovereign debt crisis in the region will force banks to unload $2 trillion in underperforming assets, compared to $800 billion in the U.S. “The opportunity set in Europe is very attractive and rich,” according to Victor Khosla, founder of the U.S. distressed-debt hedge fund manager.

Click here to read the story from Bloomberg.

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