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By Syndicated Content By Paul Carrel and Andreas Rinke BERLIN (Reuters) â The reprieve is over. A year-long waiver on insolvency filings has ended in Germany and there are already signs that bankruptcies are starting to pick up in Europeâs largest economy. Germany introduced the waiver last March, when the COVID-19 pandemic hit, part of a package of measures aimed at supporting businesses but which gave rise to the charge that the government was simply propping up âzombie companiesâ with no future. Insolvencies duly fell. But since October, Berlin has phased out the waiver. This year only firms awaiting state aid provided since November were exempt from filing â until now. Monday is the first business day that exemption no longer applies. ....
Time s up for zombie German firms as insolvency waiver expires Reuters 2 hrs ago Insolvency waiver for last group of exempt firms ends Popular Searches But no insolvency tsunami expected Robust global demand seen supporting economic recovery By Paul Carrel and Andreas Rinke BERLIN, May 3 (Reuters) - The reprieve is over. A year-long waiver on insolvency filings has ended in Germany and there are already signs that bankruptcies are starting to pick up in Europe s largest economy. Germany introduced the waiver last March, when the COVID-19 pandemic hit, part of a package of measures aimed at supporting businesses but which gave rise to the charge that the government was simply propping up zombie companies with no future. ....
Time's up for 'zombie' German firms as insolvency waiver expires reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.