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From FT: The new Energy Bill that the government has introduced into parliament appears to pass the main tests that will ensure that the UK’s electricity system keeps the lights on while also reducing its impact on our climate. The basic principles are sound and there is a clear and encouraging sense of direction. However, it still sends worrying signs that the internal bickering within the government over the future direction of [...] Greek Power Regulator Calls Emergency Meeting to Avert Collapse of Power Grid and Natural Gas SystemMac Slavo When the political and economic systems of entire nations collapse the consequences are devastating. Earlier this year pharmacies and hospitals in Greece were unable to provide life saving medicines due to a shortages caused by a freeze in the flow of credit from manufacturers to distributors to patients. A collapse in the country’s economy has forced many Greeks to turn to black market barter economies and has left millions financially devastated, with [...] Dramatic situation in the Corinth prison, problems in Patra and Alikarnassos – Prisons are running out of food! At a time when the entire country is being tested by the economic crisis, some people are quite literally on the verge of destitution and hunger. At a time when the empty state coffers can not support any concept of a welfare state, with “frozen” financing towards education and health, the prison system could [...] While Greece has had its fair-share of EURs funneled to it and through it over the course of the last year or two, it appears they have now created their first ‘internal’ bailout as things go from bad to worse. As Athens News reports, Greece will provide EUR250mm in emergency funds to its ailing electricity providers to prevent a California-style energy crisis. This liquidity injection to the country’s power utlities was yet [...] |
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