Spiegel: The global solar industry has entered a brutal phase of consolidation and nowhere are the effects as dramatic as in eastern Germany. Several companies have already declared bankruptcy, leaving towns and cities in the region struggling with job losses and tax revenue shortfalls. The future bodes ill. The sun, it was said, was going to save Frankfurt an der Oder, a city of 60,000 on the Polish border. After years of post-reunification economic doldrums, whose nadir came with the 2003 failure of...
URL: http://www.spiegel.de/international/business/0,1518,830188,00.html
Enclosure: http://www.spiegel.de/images/image-344956-panoV9-rjlw.jpg
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