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Europe keeps aiding companies to avoid surge of covid-19 insolvencies

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Rousselle Industrie SA. a maker of machinery for paint manufacturers in northern France, almost collapsed in 2020 after the pandemic disrupted supply and its clients’ businesses.The 10-person company was saved by the equivalent of $360,000 in loans under a government program that guaranteed debt and deferred interest payments for 12 months.One year later, the company is still facing repeated delays in supplies and payments, making the prospect of servicing the debt difficult.

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