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EUROPEAN AUTHORITIES ARE CREATING A “ZOMBIE ECONOMY”

... 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. 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 ...

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