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The LBO Time Bomb That Should Be Scaring UK
Newspaper article from The Evening Standard (London, England)
Beginning of article
Byline: Nick Goodway
IT'S scary numbers time.
[euro]130 billion ([pounds sterling]109 billion): the cost of the second Greek bailout plan which, fingers crossed, will pass yet another crucial deadline today.
[euro]530 billion: the amount of money the European Central Bank lent cheaply to eurozone banks last week to add liquidity to the system. Shame the banks then seemed simply to lend it back to the ECB.
?[euro]420 billion*: the amount of European bank loans to leveraged buyouts which mature between now and 2016.
(*Scary estimate courtesy of Dealogic and Linklaters).
If, like me, you treat the first two numbers with some …
