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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... do not have the opportunity to invest and introduce innovations that exist exclusively thanks to the government subsidies. This has been recently announced by the co-chairman of the European Council on Foreign Relations and former Prime Minister of Sweden Card Bildt. The diplomat called for abandoning the policy 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....

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