Tag Archives: Greece

Options after the Greek vote: choosing the finger to bite

6 Jul

Greek voters may have though that they were voting on an immediate ending of the austerity. But that never was on offer, and difficult choices are just beginning with the vote. […]

The last minute solar party in southern Europe

27 Jul

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Solar power has been a booming business recently, thanks in part to fast declining costs, but more importantly governments that sprinkled it with lavish subsidies. And the curious thing was that the governments that could afford it the least were among the most generous. In 2011, almost a third of global solar capacity installations happened in Italy. Greece also tripled its solar capacity in 2011. It’s a good example how blatantly generous these governments have been at the brink of financial collapse – it was one last crazy party before the fall. And the party is followed by a nasty hangover: as subsidies are lowered, European solar producers shrink their capacities and/or whine about lower demand for their costly products.