>Velti and a number of other mobile AdTech and app vendors were clustered in Greece+Balkans
I don't know enough about these companies because I never heard about them so I can't contradict this but googling tells me they're Irish, not Balkan.
And on the other hand, best to look at how important and influential they are to the EU economy, because at the end of the day that's what matters and what drives the economy, politics and citizen votes.
The truth is, nobody cares about the failure of some random ad companies with a workforce of ~100 maybe, that barely pay any taxes locally.
So I don't see how some no-name ad companies are relevant to this. If they were to be highly profitable for the EU, pay a lot in taxes in the EU, and hire tens of thousands of EU workers, we would have heard about them and they would have had lobbying power and support form workers like the likes of VW, Renault or Airbus do. But they're most likely irrelevant in the grand scheme of things so I don't see how they fit in this discussion, as small companies go bust every day around the world, be it US, EU, Asia, etc.
> It's much harder to shut down a business or go thru bankruptcy and arrears when you maybe to deal with a state collections agency due to the associated compliance and red tape hurdles.
It really isn't more difficult since the government helps you with the shutting down part the moment you are unable to pay workers' wages.
>Consumer Insolvency tends to be pro-consumer in the US, and Business Insolvency tends to be pro-business in the US.
Maybe true. Which is why very few Europeans want to start businesses and hire workers, when they face the wrath of the government the moment the finances of their business go south and can't pay the workers wages.
But from the proof I saw, the defaulting on your debt situation is bad in Europe whether you're a business or a consumer, while in US is not that bad as you have a lot of opt-outs legal and otherwise.
I don't know enough about these companies because I never heard about them so I can't contradict this but googling tells me they're Irish, not Balkan.
And on the other hand, best to look at how important and influential they are to the EU economy, because at the end of the day that's what matters and what drives the economy, politics and citizen votes.
The truth is, nobody cares about the failure of some random ad companies with a workforce of ~100 maybe, that barely pay any taxes locally.
So I don't see how some no-name ad companies are relevant to this. If they were to be highly profitable for the EU, pay a lot in taxes in the EU, and hire tens of thousands of EU workers, we would have heard about them and they would have had lobbying power and support form workers like the likes of VW, Renault or Airbus do. But they're most likely irrelevant in the grand scheme of things so I don't see how they fit in this discussion, as small companies go bust every day around the world, be it US, EU, Asia, etc.
> It's much harder to shut down a business or go thru bankruptcy and arrears when you maybe to deal with a state collections agency due to the associated compliance and red tape hurdles.
It really isn't more difficult since the government helps you with the shutting down part the moment you are unable to pay workers' wages.
>Consumer Insolvency tends to be pro-consumer in the US, and Business Insolvency tends to be pro-business in the US.
Maybe true. Which is why very few Europeans want to start businesses and hire workers, when they face the wrath of the government the moment the finances of their business go south and can't pay the workers wages.
But from the proof I saw, the defaulting on your debt situation is bad in Europe whether you're a business or a consumer, while in US is not that bad as you have a lot of opt-outs legal and otherwise.