[root-parent]

In most EU countries if your company went bankrupt, you are not allowed to open another one. Think about that for a little bit.

The Southern Countries are parasitically living from EU funds and EU programs, including money transfer for the budgets. The rich countries are desperately seeing China eating their lunch in Cars and all the rest.

Add to this the aging population, and now having the head under the sand on AI, and it does not look pretty...

[fvdessen]

> In most EU countries if your company went bankrupt, you are not allowed to open another one. Think about that for a little bit.

That's just completely false but ok. There's even a EU regulation to ensure the exact opposite: https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=legissum...

[root-parent]

You dont have a clue, and are showing EU regulations made by funcionaires that most countries simply ignore.

Here is an example of the current situation in Luxembourg for example, where the EU Court is based! They want you to clean up your debts first, well you would not go bankrupt if you could no? And if you look at the remaining conditions for the so called second chance they are impossible to achieve.

https://sstlaw.lu/obtaining-a-business-license-after-facing-...

In the Netherlands restarting after bankruptcy is possible, but not automatic. The bankruptcy trustee determines whether the business can restart, and restart may be impossible if it harms creditors...

Spain excludes or limits discharge for some public debts and certain debtors...

Ireland and Austria completely ignored the law you quoted and currently have infringement procedures...see you in a few years...

Poland did not apply at all the law you mentioned, and had been criticized by the EU but nothing was made about it until now...

There are differences between being on the field, or knowing how to do a google search...

[gls2ro]

Living in EU so I am biased but I agree with this. You have to clean your debt or real people suffer.

Here is a real example: open a company, buy a small piece of land, section it in smaller pieces, promise you build houses, get people downpayments in cash, syphon all money to other companies with having contracts just a bit bigger than average market price, declare bankruptcy, then start again. You of course have smaller stakes in those other companies.