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.moreless
Please read the following before uploading
Do not upload anything which you do not own or are fully licensed to upload. The images should not contain any sexually explicit content, race hatred material or other offensive symbols or images. Remember: Abuse of the TV.com image system may result in you being banned from uploading images or from the entire site – so, play nice and respect the rules!