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Supply and Sustainability: Piecing Together the Energy Puzzle
The global energy sector is at a crossroads. Key issues such as a lack of energy independence, the security of energy supplies, and climate change have become important items on the agendas of governments everywhere. This has sparked a heated debate about the most appropriate energy mix in those countries that are considering the use of nuclear power and renewable energy, and in companies that are committed to tackling climate change. These issues were discussed during a panel session on the future of energy at the recent Wharton Global Alumni Forum in Madrid.
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Will Hopes for European Austerity Be Deflated?
Following Greece's pledge to reduce its debts dramatically through a combination of government spending cuts and tax increases, others, including Spain, Germany, France -- and just this week, the U.K. -- began the march toward austerity. While many question whether a country like Greece can make good on its promises without resorting to debt restructuring, the bigger question is whether the austerity measures will actually work.
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