Re-Energizing the Eurozone
As Europe’s sovereign-debt crisis threatens to unravel the common currency and roils the region’s banks, Europe’s pioneering “green energy” sector could be at risk. In fact, Europe’s financial crisis and its looming energy crisis can be tackled with one program: converting existing debt into renewable-energy concessions.
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UTRECHT – As Europe’s sovereign-debt crisis threatens to unravel the common currency and roils the region’s banks, Europe’s pioneering “green energy” sector could be at risk. In a recent article, the Dutch economist Sweder van Wijnbergen argued that addressing the eurozone’s economic woes would require debt reduction and an investment program. In fact, Europe’s financial crisis and its looming energy crisis can be tackled with one program: converting existing debt into renewable-energy concessions.