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Neo-lib economics pundit Jean-Marc Sylvestre, heard yesterday morning on France Inter (French public radio):

I'll explain it to you, it's very simple... The private suppliers (Suez etc) had to raise their prices because the price of oil and gas rose. EDF is based on nuclear. So we're in a situation where EDF can ignore the reality of the market thanks to subsidies from the taxpayer.
(my paraphrase from memory, emphasis mine)
by afew (afew(a in a circle)eurotrib_dot_com) on Wed May 31st, 2006 at 06:01:09 AM EST
The big headline of Les Echos yesterday was "Electricité : les prix flambent malgré l'ouverture du marché" (Power: prices jump despite the opening of the markets)

It made me want to scream.


In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Wed May 31st, 2006 at 06:12:24 AM EST
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