European Covid-19 Rescue Plans Prompt Slump in Firms Going Bust
- Insolvency filings drop in U.K., Spain, Germany despite virus
- Spanish insolvencies fell 60% in second quarter of 2020
A pedestrian passes the shuttered entrance to a store in Croydon, U.K.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
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European companies are fending off insolvency as massive support from central banks and governments softens damage from coronavirus lockdowns, raising the prospect of a coming shock when that stimulus ends.