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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (91191)6/7/2012 6:36:48 PM
From: Snowshoe  Read Replies (2) | Respond to of 220297
 
This is unfortunate...

Greece’s debt problems mutate into energy crisis
Jun 1, 2012 – 11:45 AM ET
business.financialpost.com

ATHENS – Greece’s debt crisis threatened to turn into an energy crunch on Friday, with the power regulator calling an emergency meeting next week to avert a collapse of the country’s electricity and natural gas system.

Regulator RAE called the emergency meeting after receiving a letter from Greece’s natural gas company DEPA, dated May 31 and seen by Reuters, threatening to cut supplies to electricity producers if they failed to settle their arrears with the company.

An energy crisis would add to the debt-stricken country’s political and financial strains, threatening households and businesses with power cuts ahead of a June 17 election which may decide if the country will stay within the euro.