Search

EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... 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 ... ... rates are normalized. The French think 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 France, believes that unviable companies ...

Sorted by relevance | Sort by date