Anti-Nuclear Fallout: Job Losses, Price Rises
Tuesday, 20 March 2012 12:59 | 
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The FT reports that
Eon has fallen to its first annual loss as Germany’s nuclear phase-out, high wholesale natural gas prices, and economic slowdown left deep scars on the country’s largest utility.The German government has decided to close eight of the country's seventeen nuclear power plants. As a result, the cost of electricity has gone up, eleven thousand jobs were lost in one company--Eon--alone, and stockholders have seen their dividends cut. Eon now is investing abroad. What a great success story!
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