Central Power Authority for Europe?

November 5, 2006

Italy’s PM Prodi has suggested that Europe needs a central power authority for the continent.

The suggestion comes after the recent blackouts across Europe.

While Prodi may find it absurd that Europe has no central power authority, it also makes sense in a free market world. No one would want one country or one entity to control an asset as essential as energy.

This is precisely the problem that Europe currently has with Russia, which controls a major part of gas exports into Russia.

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