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Big enough to Fail?

Andreas Bartosch


Holzmann, Bull, Air France, Crédit Lyonnais, Bankgesellschaft Berlin, and, particularly, Alstom: these are just the very few names that immediately spring up from one’s memory when one talks about subsidies to ailing companies. All of these cases have one thing in common: they give the impression that European Member States have continuously tried to prolong the lives of big and cherished companies by throwing the tax payers’ money at them. Big companies i


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