Sunday, October 10, 2021

A winter of malcontent in Europe


I support nationalisation of energy industries because...

"The current energy crisis highlights a lack of robustness in the system. 

Many countries have reduced their coal and nuclear capabilities as part of political and environmental plans. Together France, Germany, Spain, and Belgium alone have pledged to close 32 nuclear reactors by 2035. Thus reducing their possible backup energy sources...

The crisis is already here and we’re starting to see the effects. Governments are already stepping in to [supposedly!] protect their citizens. 

France is going to give a one-off payment of €100 to those struggling to pay their energy bills. Greece is looking to provide subsidies. Italy is offering a support package worth €3 billion. The UK is going to increase the cap on the amount that energy providers can charge their customers to try and keep the market afloat."

And Spain...?

Read more at original source, The Good Information Project : here.


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