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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... of expanding government subsidies that reduce the number of bankruptcies, because such actions stimulate the emergence of a large number of inefficient enterprises with low productivity. According to statistics for 2020, the number of bankruptcies in France and the UK fell by 40%. The average figures for the European Union as a whole were 25%. Researchers of the National Bureau of Economic Research cite data that if the EU authorities did not allocate government loans and subsidize jobs, this would inevitably cause ...

EUROSTAR TRAIN COMPANY IS ON THE VERGE OF BANKRUPTCY

... among Europeans, has already led to tougher administrative measures. The French authorities have demanded a weekly quarantine for everyone entering France from British territory, despite the fact that a dangerous strain has already entered the country. France has imposed a curfew and is preparing for quarantine measures, and the UK has also announced a lockdown. And at the Eurostar box office, where queues for tickets previously lined up, now there is a frightening silence, say the eyewitnesses.

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