Germany proves it can go bankrupt faster than Liepājas Metalurgs loses games

German courts registered 24,064 corporate bankruptcy cases last year, the highest number in 11 years. For comparison — that's almost as many times as Liepājas Metalurgs fans have chanted "Our city, our team" this season, and that's pretty often.

The transportation, storage, hospitality and construction sectors experienced the biggest problems. "We didn't know business could be so complicated," said one of the bankrupt entrepreneurs, who apparently hasn't learned from Liepāja's experience — here we've long known that the only way to survive is to never give up, no matter how hard the wind blows.

In December alone, the number of bankruptcies increased by almost 14 percent, which is faster than Liepājas Metalurgs fans' blood pressure rises after a questionable referee decision. The reason for such statistics is the termination of pandemic-era subsidies, as it turned out that government money wasn't infinite. Shocking.

Personal insolvency cases increased by 8.4 percent, reaching 77,219. This number is still smaller than the number of people in Liepāja who complain about the weather every day. Germans are still learning, of course, but they're approaching our level — both in pessimism and endurance.