Europeâs Bankruptcies Are Plummeting. That May Be a Problem. Governments have extended national programs to keep troubled businesses afloat, but the aid may only be postponing a painful reckoning. Romain Rozier in his empty restaurant in Paris. “We're at death’s door.” he said.Credit...Sabine Mirlesse for The New York Times PARIS â Romain Rozierâs cafe should be bankrupt by now. Since the coronavirus hit last spring, sales at the once buzzing lunch spot in northern Paris are down 80 percent. The only customers on a recent day were a couple of UberEats couriers and a handful of people spaced far apart at the counter, ordering takeout.