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Hakle has been a German household name since 1928, but the Duesseldorf-based toilet paper manufacturer said all it took was this summer's gas price shock to drive it into insolvency. ... | September 20, 2022
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 ou...
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...