France is doing badly, but German energy sector is a disaster - EDF

http://www.telegraph.co.uk/finance/economics/11150022/France-is-doing-badly-but-German-energy-sector-is-a-disaster-EDF.htmlWT.mc_id=e_3598071&WT.tsrc=email&etype=frontpage&utm_source=email&utm_medium=Edi_FAM_New_2014_10_9&utm_campaign=3598071
Daily Telegraph           8 October 2014
France is doing badly, but German energy sector is a disaster - EDF
EDF boss says one of German energy giants E.On and RWE is 'more or less dead' and the other 'is in a very difficult situation

While the German economy is in a gradual recovery, France is still stagnating Photo: REX FEATURES

By Emily Gosden7:22PM BST 08 Oct 2014
France's economy may be doing badly but Germany's energy sector is a "disaster", the head of French state-owned energy company EDF has said.
Henri Proglio, EDF chief executive, acknowledged his country was "in a poor situation" and "under pressure".

But he said different industries should be considered in their own right, highlighting the German energy sector, where the country's phase-out of nuclear power and drive for renewables has severely damaged its two biggest companies.

"When it comes to energy they are in a disaster. Their two major companies – E.On and RWE – are under huge pressure. One is more or less dead, the other one is in a very difficult situation," he said. http://www.telegraph.co.uk/finance/economics/11150022/France-is-doing-badly-but-German-energy-sector-is-a-disaster-EDF.htmlWT.mc_id=e_3598071&WT.tsrc=email&etype=frontpage&utm_source=email&utm_medium=Edi_FAM_New_2014_10_9&utm_campaign=3598071