The increase in zombie companies, the fact that state budgets run large deficits even in booms and weak productivity increases in business were problems in Europe even before the pandemic. Rarely, however, has optimism in the financial markets been as great as it is now. What does it depend on? Read more in the article Europe between zombie companies and toxic positivity in Opulens Global.
“We need to get off of all of these subsidies at some point — otherwise, we’ll have a zombie economy” - Carl Bildt, co-chairperson for European Council on Foreign Relations.