Energy In Europe: The Walls Come Tumbling Down

One of the Continent's last bastions of protectionism is being deregulated

It happened in airlines. It's happening in telecommunications. Slowly and painfully, it's even happening in mail services. The forces of deregulation and competition are storming Europe's huge, state-coddled cartels. But a bastion of protectionism remains in the $170 billion energy sector, where national utilities have until now mostly held out against the realities of a broader, freer market.

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