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Europe's Energy Crisis: How Bad and How Long?

Ones and Tooze

CHAPTER

Are We Going to Have Massive Industrial Bankruptcies?

European governments have focused their initial policy response to this crisis more on helping out households rather than industries. Are there likely to be waves of industrial bankruptcies this winter and in the winters to come? If that is the case, what sort of industries are most likely to be affected? Will it be small businesses with presumably smaller profit margins that will be more likely to go out of business? Will geography play a big role in which businesses survive? What do you think?

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