France May See 40% Electricity Price Surge by February

Sharing is Caring!

by Chris Black

You vil own nothing and you vil be happy.

See also  Subprime auto lending is going away as delinquency rates start to surge. Who knew that lending money to the non-creditworthy was a flawed business model?

The French authorities are working on further measures to restrain spiking energy prices, the country’s finance minister said, issuing a warning about political fallout ahead of a presidential election.

We are primarily funded by readers. Please subscribe and donate to support us!

“Look what’s going on in Kazakhstan, it’s quite indicative of what can happen when energy prices explode, it’s politically dangerous,” Bruno Le Maire said on Friday.

See also  BLOOMBERG: "France Rating Cut to AA- From AA by Fitch on Deficits, Debt"

“If we don’t find a solution to the electricity prices in the days to come, the French will see at the end of January an increase of 35-40%.”

Views: 0

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.