09/29/2012 Leave a comment
California has often been compared to Greece as our debt continues to grow and our political leaders continue to spend. Business are leaving the state and our political leaders continues to claim that the state has a business friendly environment. They are in denial, just like the Greeks, were and now reality if forcing them to pay the price of economic stupidity. We will soon have our own reality check.
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)
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