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oh, and, evil, evil Germans:


Germany will not simply end up importing nuclear-generated electricity from its neighbours. It will also have to import much more gas (presumably from Russia, making it even more dependent on Moscow), coal and oil. Inevitably this will push up prices for everyone else. Thus Germany's unilateral decision could impact the competitiveness of not only German industry but of Europe as a whole already under pressure from an overvalued currency, at least against the US dollar.

We have a euro currency crisis, but the problem is that the euro is too strong!

We have a 20-year liberalisation drive which has made our utilities invest almost exclusively (unless pushed by nasty greeny governments) in gas-fired power plants, but the problem is now that nuclear plant closures make us buy more gas.

We have Germany taking decisions unilaterally when I remember distincly that making energy a EU-level policy was violently resisted by ... tadam ... France!

Wind power

by Jerome a Paris (etg@eurotrib.com) on Thu Jun 2nd, 2011 at 06:05:23 PM EST
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