I just been looking at Greece Energy and economy – post later today. I don’t think Greece can continue with austerity and given that her European friends are no longer going to bank role the country Greece must leave the € and it is going to be dreadful for the Greek people.
In Greece 54% of energy comes from imported oil and 9% from imported gas. The country is supposed to have a 90 day oil reserve – wouldn’t surprise me if that is not already depleted. 40% of electricity comes from imported oil and gas. Unable to pay, the energy imports may have to stop – lights go out and tourist industry collapse. Take care Roel!
Enter the Russian white knight?
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