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Electrolux CEO Hans Straberg is taking a hard line against bailouts, telling CNBC that failing companies should not receive any more help from governments around the world.
"Let the businesses that are not fully functional, let the weaklings go in this, don't prop them up," he said. "I understand it's difficult to distinguish sometimes between good or bad businesses, but make sure that those who are not surviving the winter don't survive and instead focus on those who have the strength to grow bigger and stronger internationally."
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