Angela Merkel

Germany rebuffs European nuclear power subsidy proposal

Saturday, July 20, 2013

(Reuters) - Germany on Friday rebuffed draft plans by the European Commission to allow European Union member states to directly subsidise nuclear power.

Several European governments, such as Britain and France, plan to build new nuclear power stations, but many companies are shying away from investing in the expensive technology without the safeguard of government support.

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New nuclear – nearly

Wednesday, June 5, 2013

As the FT reported on Friday, negotiations on the terms for new nuclear have advanced and there is increasing optimism that a deal can be done. The meeting between David Cameron and Francois Hollande in Paris two weeks ago amounted to a declaration of agreement in principle. Just three issues remain to be resolved.

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