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There were fewer bankruptcies last year than in 30 years. It was a stroke of luck for the Grieskirchner Brewery that it did not postpone its bankruptcy application despite the tax deferrals. Because this year there is already a big wave of bankruptcies.
When the new type of coronavirus spread in distant China a year ago, hardly anyone in this country thought that a few weeks later it would also change our lives. Today, almost ten months after the pandemic broke out in our latitudes, we are not only in the greatest health crisis in 100 years, but we are on the brink of a deep economic crisis. The fact that this hasn’t hit much more for a long time is largely due to the billions of relief funds that the federal government has poured into the national economy. In fact, the billions in syringes are an effective remedy for economic collapse, economists agree.
However, this does not solve all problems to a great extent. We are on the brink of a wave of bankruptcies that will come our way in the coming months.
