Post
Topic
Board Economics
Merits 2 from 1 user
Re: 199,983 companies went bankrupt in Europe because of the energy crisis in 2022
by
DrBeer
on 15/05/2023, 08:00:57 UTC
⭐ Merited by stompix (2)
I wonder if Handelsblatt newspaper received similar weird reactions from trolls when they published the same exact thing I posted here. Or is the reactions like this because I posted it... hmm...

~
I always publish the source of the data I post. If you have a hard time believing them, you should either dispute the numbers or take it up with the source. For example the part about 30% bankruptcies the troll doesn't like to mention is the source which was Siegfried Russwurm, head of the Federation of German Industries BDI in an interview on German TV.

Starting with yes it's BS not many more companies went bankrupt then in years previous
It depends on which country you look at. For example the number of bankruptcies in UK is between 25 to 30% higher than previous years specifically years before pandemic. Or in countries in Central or Eastern Europe, like Hungary where the numbers grew significantly more compared to 2018-2019 (a 11x increase from 3700 to 41500).
Or in Turkey [which is included as parts of stats in Europe (!)] the number of bankruptcies grew by 80% compared to 2018.

On the other hand there are of course some other countries that set a better stats, like Greece with 50% decrease compared to 2018. Or Italy with 30% decrease.

However, the overall as the study says shows an increase in the number of insolvencies across Europe.

But for example, North Korea is the center of stability! No bankruptcies. Nothing happens, everything is stable .. Because .. NOTHING IS HAPPENING Smiley The same stability was in the USSR - a consistently low standard of living, a stable low quality of work, a consistently low quality of products and services produced, a consistently low education, which means a consistently low science, medicine, technology...
But on television and radio - STABLE regular lies - about achievements, about the joy of life, about the fact that the whole world envy us, .... STABLE!

Such stability is like a person in a complete coma - he won't burn his finger when he cooks a barbecue, he won't swallow water when he's diving, he won't get grass on his jeans while running across a green field, he won't hit his toe while playing with his a child in his apartment .. EVERYTHING is stable and good for him ... but he is in a coma Smiley