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Current Events => Economics => Topic started by: The Village Idiot on April 30, 2010, 12:06:14 PM

Title: Spain dumping eco-projects after rating downgrade
Post by: The Village Idiot on April 30, 2010, 12:06:14 PM

http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/downgraded-spain-decides-to-shelve-worthless-enviro-energy-projects-92503599.html

They tried to crucify Gabriel Calzada for pointing out that their wind and solar programs were a big waste of money.

But even the Spain’s socialist government recognizes economic reality when default comes knocking. You can’t keep spending $750,000 per “green” job created when you’re going broke.

Read more at the Washington Examiner: http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/downgraded-spain-decides-to-shelve-worthless-enviro-energy-projects-92503599.html#ixzz0mbW3YdIg