Post Tagged with: "green jobs"

Green Jobs a Big Drain on Economy

Green Jobs a Big Drain on Economy

With Spain on the verge of bankruptcy, having just secured a €100 billion loan from the European Financial Stability Facility (EFSF) to recapitalize its banks just so it can refinance its €734.9 billion debt, the government there has been looking for things to cut. One thing the new government under Mariano Rajoy saw that could be cut were taxpayer subsidies to “green” forms of energy. Debts related to those subsidies had reached some €24 billion last year, or 3.2 percent of its total debt, before the programs were discontinued.

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