Post
Topic
Board Economics
Merits 13 from 6 users
Re: 199,983 companies went bankrupt in Europe because of the energy crisis in 2022
by
stompix
on 13/05/2023, 15:20:43 UTC
⭐ Merited by hugeblack (4) ,LoyceV (4) ,DrBeer (2) ,Faisal2202 (1) ,kryptqnick (1) ,DdmrDdmr (1)
You forgot to add that those 199,983 companies are
- 0.86 of the total number of companies in Europe
- the increase is from 0.63 the year before, so a huge number 0.2% increase

It contradicts your previous lies about the German bankrupcies:

In a recent interview in German TV the head of the Federation of German Industries BDI, Siegfried Russwurm pointed out the increasing number of insolvencies in the country. 30% have already declared bankruptcy while about 60% have claimed to go insolvent this season. Only about 11% of the German businesses has claimed to have no issues! Majority of them claimed that they are going to take their capital outside Germany.

But as usual, the distorting truth is your specialty!

Also, you deliberately forgot to add the conclusion of that article:

Quote
"The balance sheet figures show a slight economic recovery of companies in Western Europe after the deterioration in the first year of Corona," explains Hantzsch. Significantly fewer companies would have a negative profit margin. 21.3 percent of the companies still recorded negative EBIT in 2021 (previous year: 26.7 percent). A fifth of the companies (19.6 percent) achieved a very high profit margin of more than 25 percent. Equity ratios have also recovered somewhat. The proportion of companies with a high equity ratio of more than 50 percent rose by one percentage point to 47.2 percent. By contrast, the proportion of companies with a very low equity ratio fell to 22.0 percen