Along with Spain and the rest of Europe, heavily subsidized ‘renewable’ electricity is the main cause of their current decline. The Greeks may have got to the bottom first.
From the GWPF and Dr. Benny Peiser
New Solar Installations Banned
Greece, aiming to stave off a fresh energy crisis, plans to support its main electricity market operator through a temporary tax on renewable power producers and by extending an emergency loan, a senior official said on Friday. The electricity system came close to collapse in June when market operator LAGHE was overwhelmed by subsidies it pays to green power producers as part of efforts to bolster solar energy. Greece has slashed the guaranteed feed-in prices it pays to some solar operators and is no longer approving permits for their installation. –Harry Papachristou, Reuters, 28 September 2012 (http://www.reuters.com/article/2012/09/28/us-greece-interview-idUSBRE88R0UQ20120928)