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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... 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 an increase in the number of bankruptcies....

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