Breaking News

Euro Area Manufacturing Unexpectedly Expands in October
Tweet TWEET

Germany Sees No Budget Risk on Nuclear Exit, Handelsblatt Says

Chancellor Angela Merkel’s plan to close Germany’s nuclear power plants by 2022 won’t trigger indemnity payments to the reactor operators, Handelsblatt reported, citing Norbert Barthle, the budget spokesman in parliament for Merkel’s Christian Democratic Union.

The shutdown of Germany’s oldest reactors after the nuclear incident in Japan is legally sound, the newspaper cited Barthle as saying. The German government’s decision last year to levy a tax on nuclear fuels was made independently of an extension of nuclear plants’ operating lives that has since been reversed, he said.

To contact the reporter on this story: Rainer Buergin in Berlin at bparkin@bloomberg.net

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.