Greece Faces Electric Meltdown

Tyler Durden's picture

Maybe the electrician-in-chief can send them some of those unused Solyndra solar panels?

From Reuters:

Greece's power regulator RAE told Reuters on Friday it was calling an emergency meeting next week to avert a collapse of the debt-stricken country's electricity and natural gas system.

 

"RAE is taking crisis initiatives throughout next week to avert the collapse of the natural gas and electricity system," the regulator's chief Nikos Vasilakos told Reuters.

 

RAE took the decision after receiving a letter from Greece's natural gas company DEPA, which threatened to cut supplies to electricity producers if they failed to settle their arrears with the company

Or, as they call it in Greece, Friday.