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Europe is desperate to succeed in business. Two years ago, the European Union’s Lisbon summit set a ...

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dangerous confusion.  desperate conflicts.  abrupt reforms.  potential threats.  
to defect American competitive rivals.  to comply with different laws.  to escape the control of governments.  to negotiate with their creditors.  
to defect American competitive rivals.  to comply with different laws.  to escape the control of governments.  to negotiate with their creditors.  
An opportunity now exists to think again about Europe’s approach to bankruptcy. The European Union is expected to issue a new directive on the subject in May. Germany has begun to update its insolvency law. And last year Britain produced a white paper saying that a rigid approach to bankruptcy could stifle the growth needed to meet Lisbon’s goals.  
to have access to more relaxed approach to bankruptcy.  to submit a plan of reorganization to a judge on request.  to negotiate with their creditors when going bankrupt.  to sell assets to others who might manage them efficiently.  
to defect American competitive rivals.  to comply with different laws.  to escape the control of governments.  to negotiate with their creditors.  
An opportunity now exists to think again about Europe’s approach to bankruptcy. The European Union is expected to issue a new directive on the subject in May. Germany has begun to update its insolvency law. And last year Britain produced a white paper saying that a rigid approach to bankruptcy could stifle the growth needed to meet Lisbon’s goals.  
dangerous confusion.  desperate conflicts.  abrupt reforms.  potential threats.  
damage the creditors’ potential assets.  request the government’s interventions.  take advantage of legal procedures.  talk with their stern debtors abroad.  
to have access to more relaxed approach to bankruptcy.  to submit a plan of reorganization to a judge on request.  to negotiate with their creditors when going bankrupt.  to sell assets to others who might manage them efficiently.  
irrational creditors.  competitive rivals.  efficient negotiators.  indebted firms.  
dangerous confusion.  desperate conflicts.  abrupt reforms.  potential threats.  
strive for the lead in the world’s economy.  achieve great success in business.  come up with a plan for reorganization.  prevent excessive economic growth.  
An opportunity now exists to think again about Europe’s approach to bankruptcy. The European Union is expected to issue a new directive on the subject in May. Germany has begun to update its insolvency law. And last year Britain produced a white paper saying that a rigid approach to bankruptcy could stifle the growth needed to meet Lisbon’s goals.  
An opportunity now exists to think again about Europe’s approach to bankruptcy. The European Union is expected to issue a new directive on the subject in May. Germany has begun to update its insolvency law. And last year Britain produced a white paper saying that a rigid approach to bankruptcy could stifle the growth needed to meet Lisbon’s goals.  
dangerous confusion.  desperate conflicts.  abrupt reforms.  potential threats.  
damage the creditors’ potential assets.  request the government’s interventions.  take advantage of legal procedures.  talk with their stern debtors abroad.  
strive for the lead in the world’s economy.  achieve great success in business.  come up with a plan for reorganization.  prevent excessive economic growth.  
to defect American competitive rivals.  to comply with different laws.  to escape the control of governments.  to negotiate with their creditors.  
damage the creditors’ potential assets.  request the government’s interventions.  take advantage of legal procedures.  talk with their stern debtors abroad.  

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