Tag: bankruptcy

As Europe tries to recover from the recession, one lesson should quickly be learned: current bankruptcy laws in many countries will hamper thousands of entrepreneurs trying to get back on their feet and restart their businesses.

At their summit on 17 June, EU leaders will recommend opening accession negotiations with Iceland, read draft Council conclusions obtained by EurActiv.

While efforts to make it easier for Europeans to set up their own company are starting to pay off, a majority of EU citizens continue to hold back for fear of going bust. The Commission is now proposing taking action to reduce the stigma attached to business failure and encourage non-fraudulent bankrupts to make a fresh start.