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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

European countries are spending fabulous sums trying to keep businesses afloat during a pandemic. An economic recession can lead to stagnation for a decade, which has been ... ... 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... ... tank Rexecode reports that about 10% of companies in the country have been saved from bankruptcy solely by government funds. Jeffrey Franks, the head of the IMF mission in...

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