Viable companies facing financial difficulties require early warning mechanisms and preventive restructuring frameworks to help them avoid bankruptcy. If a company can no longer be rescued, honest entrepreneurs who went bankrupt should be offered a second chance.
Early Warning Europe is a network organisation that has cooperated on establishing national and/or regional Early Warning mechanisms in Poland, Spain, Italy, Greece, Luxembourg, Slovenia, Finland, Sweden, Lithuania, Turkey and India. The organisation cooperates with EU, OECD and World Bank.