Merkel suggests cutting solar subsidies further

Reuters
German Chancellor Angela Merkel said on Tuesday solar energy subsidies should be reduced, and it could make more sense in the future to draw solar energy from places like Greece, where the sun shined longer. Merkel said that while wind energy seemed on track to becoming commercially viable in Germany, this did not seem the case for solar energy.(...) [C]ash-strapped euro zone governments, grappling with debt crises and fragile economic growth, are reducing their support in order to bring down production costs and make the industry more competitive. Merkel said it was not rational for so many subsidies to go toward a sector which ultimately produced little energy.