'Zombie' Danger in Europe - Presented by: The Aol. On Network

They're a 21st century phenomenon - so-called zombie companies - that can neither invest nor innovate. They exist by only paying off the interest on their debt, often shedding jobs along the way and becoming a drain on the economy. Low interest rates have fuelled the phenomenon in Europe - in the past companies were killed off more quickly by higher rates. David Steinberg is an insolvency specialist at Clifford Chance.



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