, Columnists
European Companies' Alarming Leverage
Why indebtedness is going to be a key problem for the region's corporates.
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Much has been written recently about whether companies are going to look overstretched as monetary policy is tightened and bond yields rise.
Some excellent research on European non-financial corporates by our Bloomberg Intelligence colleagues Laurent Douillet and Tim Craighead shines more light on the subject. It's a slightly worrying picture.