Europe's economy is facing serious trouble. Business failures in the European Union (EU) rose by 3.1% in the second quarter of the year. This follows an even bigger increase of 4.5% in the previous quarter. Despite this worsening situation, the EU is sticking with its tough sanctions against Russia, which seem to be making things worse for Europe.
Let’s break it down:
A Wave of Business Failures
In Greece, the number of businesses going bankrupt has skyrocketed by 133%. Lithuania a...