“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

Wind power supplied 15% of the electricity consumed in Europe in 2019

Year after year, the share of wind power in European electricity production is increasing. It reached 15% in 2019 according to the association of industry professionals, WindEurope, which draws its figures from Entso-E, the association of European electricity network operators. In 2018, wind energy provided 14% of current demand, and the previous year, 11.6%.
 
Wind power supplied 15% of the electricity consumed in Europe in 2019

This average increase on the Old Continent masks very strong disparities between the Danish champion (where the wind supplied 48% of electricity in 2019) and the Slovak red lantern (0%). France, with 7%, is in 18th position.

Europe now has an installed capacity of 205 gigawatts (GW), the equivalent of 128 EPR-type nuclear reactors. Defenders of the atom always point out that these power comparisons have a limited value since a nuclear reactor and an intermittent wind turbine do not produce the same number of hours in the year.


More than 15 GW of new wind capacity went into service last year, notes WindEurope, including 3.6 GW at sea. Two-thirds of the turbines installed offshore in 2019 were in British waters. The UK produced 22% of its electricity from modern windmills, half of which are offshore wind turbines. France, which embarked on the Sarkozy quinquennium in offshore wind projects, has still not succeeded, in particular because of the numerous legal remedies.

WindEurope stresses the progress of the installations but considers it still insufficient to meet the ambitious objectives of the European Commission's Green Pact. To this end, the new capacity installed each year should be twice as large as in 2019, said Giles Dickson, president of WindEurope.