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Now who are 'the good Europeans'?

By the look of things: us, the Swedes and the Spanish. And nul points for France, Germany, Slovakia, Greece, Luxembourg and Austria.

Being on the side of the angels, we plus our unlikely allies are in favour of a Commission proposal to decouple production and distribution, whereas the villainous sextet are keen on maintaining their 'national champions'.

I am not aware of Luxembourg Electricity or whatever it styles itself being a power in the EU, but let it be noted that EDF owns, inter alia, what were London Electricity, Seeboard and SWEB, and e.on owns what were Powergen and East Midlands Electricity.

I don't think some of our European friends get it, do they?

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Anonymous Nomad said... 12:53 pm

Perhaps the Clunking Fist should renationalise them then as a start to regaining our sovereignty. Did I read recently that e.on and gaz de france are the subject of an inquiry into illegal price fixing? Can EDF be far behind...?  



Blogger CityUnslicker said... 10:03 pm

no they don't, but good luck to them in the long term. Our shareholders made a fortune when they sold out and continue to do so.

Different sector by BAA is now going to sell its best business to make ends meet. Ferrovial have come a cropper really. Private Equity will eventually buy it back for half the price and then float it again.  



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