IGTA Journal - Winter 2020/2021

Luxemburg, Article: ´ Cause this is thriller, thriller night (Michael Jackson), Zombie Companies By Francois Masquelier, Chairman of ATEL, the Luxemburg IGTA Member Association, and Deputy Chairman of EACT, European Association of Corporate Treasurers, from Simply TREASURY – Luxembourg, February 2021 Zombie companies “ It's close to midnight and something evil's lurkin' in the dark Under the moonlight you see a sight that almost stops your heart You try to scream but terror takes the sound before you make it You start to freeze as horror looks you right between the eyes, You're paralyzed ”, that is the beginning of a famous song… the zombie song. Today, many companies would have gone bankrupt regardless of the pandemic and have been kept alive thanks to the unprecedented stimulus measures carried out by central banks and governments in the last IGTA eJournal | Winter 2020/21 | 34