Sunday, December 26, 2021

RETHINKING - DECEMBER 26, 2021 - CAPITAL SIN OF ANGELA MERKEL

 In an opinion column, the Editorial Board of WSJ posted “Germany’s Energy Surrender. Rarely has a country worked so hard to make itself vulnerable”. (Dec. 22, 2021, WSJ Online)

In this column we can read the following two paragraphs:
 
“One might expect that a country suffering a generational energy crunch would be trying everything possible to expand supply. Yet Germany is proceeding with the closure of three nuclear power plants—around half of the country’s nuclear power generation—by the end of the year. 

Ten years ago, 17 nuclear reactors produced about a quarter of Germany’s electricity, but the 2011 Fukushima accident prompted former Chancellor Angela Merkel to phase out nuclear power.”

Answering to the WSJ Editorial Board, I wrote and posted the following blog comment:

“Angela Merkel made a serious mistake (capital sin) that the next generation of Germans will pay hard.  She stopped the nuclear energy programs and signed the Nord Stream 2 (natural gas pipeline) of the Russians.”


SOURCES: The Wall Street Journal, Deutsche Welle, my own think tank

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