IMF: Euro-zone companies face a massive ‘debt overhang’ - The Washington Post

IMF: Euro-zone companies face a massive ‘debt overhang’ - The Washington Post

Euro-zone companies face a massive “debt overhang” that could prolong the region’s downturn and risk a return to a more acute crisis, the International Monetary Fund warned Wednesday in a sobering report on risks that may be accumulating in the world financial system.
The IMF estimated that as much as one-fifth of the corporate bonds and loans issued by major European corporations are “unsustainable” and will force the firms to default or scale back, cutting capital expenditures, eliminating shareholder dividends or taking other steps to conserve cash to make debt payments.
...It is ok...governments have been paring debt so they could help out for just this problem...no, wait..
...Nevermind..