France Prepares To Nationalize Its Struggling Nuclear Industry ...Middle East

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France Prepares To Nationalize Its Struggling Nuclear Industry
source : OILPRICE ( Middle East ) () 30
France is working up to fully nationalizing the currently 84% state-owned nuclear energy company Électricité de France (EDF) at the same time that the company is anticipating a massive downturn in profits. EDF had already warned investors that its core profits would take a considerable hit this year, but just sharply increased that projected loss to a whopping 29 billion Euros (normally here we would say how much that is in dollars, but the European economy has taken such a downturn – largely thanks to energy woes – that…

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