Featured in Burning ambition – 09-2012

Spanish poker

Spain: The Spanish government is once again asking operators of solar power plants to pitch in in an effort to cover the public debts of the electricity sector. Opposition has come not only from Spain, but also from Brussels and the USA.

The situation in Spain is serious. Faced with mounting debt, the government is cutting costs wherever it can; the economy is moving in reverse; the only growth is in unemployment. Spain’s situation is so precarious that it was forced to sign a memorandum of understanding (MoU) on “Financial-Sector Policy Conditionality” in mid-July in order to …

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