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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.
The achievement of Lisbon's goals would precede the elimination of chaos. The best way to help European firms may be to make it easier for them to fail. It is high time that the rigid bankruptcy laws in the U.S. were radically changed. Shutting a weak American company means ending up with a big chunk of assets.
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where sit the European leaders the European leaders there sit sit the European leaders that the European leaders sit
where sit the European leaders the European leaders there sit sit the European leaders that the European leaders sit
The achievement of Lisbon’s goals would precede the elimination of chaos. The best way to help European firms may be to make it easier for them to fail. It is high time that the rigid bankruptcy laws in the U.S. were radically changed. Shutting a weak American company means ending up with a big chunk of assets.
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The achievement of Lisbon’s goals would precede the elimination of chaos. The best way to help European firms may be to make it easier for them to fail. It is high time that the rigid bankruptcy laws in the U. S. were radically changed. Shutting a weak American company means ending up with a big chunk of assets.
American laws forbid banks to grant loans to the failing businesses. American laws allows the bust companies to delay debt payments. European countries never let the bust companies go unpunished. it's more difficult for a sick company to revive in Europe than in America.