A different class of junk

Nov 01, 2000
<p>Europe is slowly latching onto the idea of high-yield bonds</p>
Europeans still shy away from junk bonds. The links with the 1980s excesses of Michael Milken and Drexel Burnham Lambert are still just a little too much to bear. Junk is garbage. Junk is rubbish. Junk is, well, junk – and few in Europe's conservative corporate

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