This is just the type of
outside the box thinking that I can really appreciate. Greece has racked up a substantial amount of debt in the European Union (EU) and in my mind there is really no way of repaying via traditional "cutting off the nose to spite the face" methods (i.e. raising revenues through taxes on folks without jobs or with stagnant wages or cutting spending through "austerity" measures like reducing or eliminating pensions). Greece is both sunny and beautiful. There are only so many tourists (and revenue) that can come through each year to see the beauty of Greek history and its people. So the smart people of Greece think they can capitalize on something that they have an abundance of - the sun by capturing it and exporting it to other EU countries. Cool huh?
Nice move Greece. That might work in getting your economy above water.
ReplyDeleteI hope that being environmentally friendly like this does help them raise revenue. If people could think they can make money it will be real motivation to be environmentally conscious. I personally think that things like gas and coal energy are such a big business is that people think they are a bigger money maker than being environmentally conscious. Same with gas burning cars too.
ReplyDeleteI would like to suggest an ETF that invests in solar stocks. It trades around 3.00 a share. Its down by almost 90% over the last few years. Symbol {TAN}
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