Something for Italy to rub in Germany’s (proverbial) face
December 15, 2011 Leave a comment
There ain’t much these days. Italy’s been sitting on the precipice of default while Germany’s been sitting pretty, and German austerity demands have literally reduced the Italian welfare minister to tears. But by one important measure — albeit not one people are talking about much these days — Italy has left Germany in the dust: Italy is now the world’s leader in solar photovoltaic installations. And Germany will have a tough time regaining its #1 spot, given that its solar subsidies are set to be halved.