| From WSJ: U.K. banks are among the most heavily exposed in Europe to a debt-refinancing shortfall in the real-estate market that could reach 115 billion euros ($155 billion) in the next two years, forcing them to consider alternative ways of managing their portfolios, experts say.
Commercial-property adviser DTZ Holdings PLC said that 56% of the European debt funding gap, or the difference between existing debt and the debt available to replace it, is estimated to be in only two countries: the U.K. and Spain.....................................Full Article: Source
|