While many boatbuilding companies are corporately owned and carry a lot of debt, a combination that can create a stranglehold, were fundamentally a debt-free company.
However, many of the internal transportation improvements were destroyed during that conflict, although bonded debt remained to be paid, even as additional progress had ended.
Since debt financing is often tax-deductible, companies are incentivized to borrow, thus reducing taxable income but leveraging the growth rate of profits and capital gains.
The third option -- the collision scenario -- would include debt restructuring and the possibility of new national currencies for those that decide to leave the European Economic and Monetary Union.
