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The issue is not sorely about negative price. It’s about keeping base capacity profitable so the grid doesn’t collapse. The energy strategy of the EU was hopel

The issue is not sorely about negative price. It’s about keeping base capacity profitable so the grid doesn’t collapse. The energy strategy of the EU was hopeless for a long time and is only marginally better now. It’s not as braindead as the monetary union but close. Germany was actively sabotaging France for a long time while having to restart coal power plants and investing in gas fuelled capacity. Sadly the union is heavily unbalanced since the UK left.

foobarian 1y ago
Pray tell, why is the monetary union braindead? Asking for a friend stockpiling lire for collection value
- StopDisinfo910 1y ago
  It’s a monetary union with no common fiscal policies and no mechanism to correct disparity between members. Complete train wreck since it has been put in place. Germany has been abusing it from the start running huge trade surplus, compressing salaries, using its excess savings to buy foreign debts instead of investing and being shielded from monetary appreciation by the consumption and investments of other countries. The euro is basically Germany robbing blind the other members while pretending to be virtuous and blocking most of what could have improved the situation.
  - marcosdumay 1y ago
    > and no mechanism to correct disparity between members AFAIK, they created some mechanisms after the 2008 crisis. Every country there now effectively prints money in differing rates, and the EU only regulates some limits.
lawlessone 1y ago
>Sadly the union is heavily unbalanced since the UK left Don't worry, you'll join again eventually.
- StopDisinfo910 1y ago
  I’m French. Unless something major changes, I hope we will be out before the UK comes back. I don’t see how anyone can be in favour of the EU after the Greek debt crisis. I’m not too surprised about my original comment being downvoted while being entirely factually true. It was a bit much from me to expect people to understand the underside of running too much intermittent energy sources and how this is currently dealt with (the braindead part). I invite the champions of solar to explain to me the current plan of the EU for actually running the whole grid past 2050 while phasing out the coal and gas (hint: there is none). Anyway I invite everyone to take a look at what the EU used to do nuclear, how it was purposefully omitted from the definition of clean energy for years, how they used to fine France despite its energy being clean, how it forces the French energy operator to sell at a loss, how it impedes France properly managing its dams and then look at who actually pushed for these policies while buying Russian gas and burning coal. The whole thing is a complete joke. At least they apparently saw the light on nuclear. That’s a start.
  - lawlessone 1y ago
    Wouldn't leaving the EU be far worse economically than any of these penalties you mentioned?
    - StopDisinfo910 1y ago
      Hard to tell. We could devaluate. That would help with both the debt situation and our exports. The UK is not doing that bad at all. That’s a risky bet but I personally prefer that to the current situation. I would honestly be ok with staying in the union if we could exit the euro while staying but I don’t think it’s possible.
      - lawlessone 1y ago
        >Better ruined than a colony. Not sure what you're referring to here?
        1y ago

foobarian 1y ago

Pray tell, why is the monetary union braindead? Asking for a friend stockpiling lire for collection value

StopDisinfo910 1y ago
It’s a monetary union with no common fiscal policies and no mechanism to correct disparity between members. Complete train wreck since it has been put in place. Germany has been abusing it from the start running huge trade surplus, compressing salaries, using its excess savings to buy foreign debts instead of investing and being shielded from monetary appreciation by the consumption and investments of other countries. The euro is basically Germany robbing blind the other members while pretending to be virtuous and blocking most of what could have improved the situation.
- marcosdumay 1y ago
  > and no mechanism to correct disparity between members AFAIK, they created some mechanisms after the 2008 crisis. Every country there now effectively prints money in differing rates, and the EU only regulates some limits.

lawlessone 1y ago

>Sadly the union is heavily unbalanced since the UK left Don't worry, you'll join again eventually.

StopDisinfo910 1y ago
I’m French. Unless something major changes, I hope we will be out before the UK comes back. I don’t see how anyone can be in favour of the EU after the Greek debt crisis. I’m not too surprised about my original comment being downvoted while being entirely factually true. It was a bit much from me to expect people to understand the underside of running too much intermittent energy sources and how this is currently dealt with (the braindead part). I invite the champions of solar to explain to me the current plan of the EU for actually running the whole grid past 2050 while phasing out the coal and gas (hint: there is none). Anyway I invite everyone to take a look at what the EU used to do nuclear, how it was purposefully omitted from the definition of clean energy for years, how they used to fine France despite its energy being clean, how it forces the French energy operator to sell at a loss, how it impedes France properly managing its dams and then look at who actually pushed for these policies while buying Russian gas and burning coal. The whole thing is a complete joke. At least they apparently saw the light on nuclear. That’s a start.
- lawlessone 1y ago
  Wouldn't leaving the EU be far worse economically than any of these penalties you mentioned?
  - StopDisinfo910 1y ago
    Hard to tell. We could devaluate. That would help with both the debt situation and our exports. The UK is not doing that bad at all. That’s a risky bet but I personally prefer that to the current situation. I would honestly be ok with staying in the union if we could exit the euro while staying but I don’t think it’s possible.
    - lawlessone 1y ago
      >Better ruined than a colony. Not sure what you're referring to here?
      - 1y ago