Leaving
the
single
currency
—
and
the
debt
defaults
this
would
involve
—
would
exacerbate
the
depressed
state
of
both
economies
in
the
short
term.
It
would
dampen
power
demand
and
create
more
excess
capacity.
At
the
same
time,
the
downturn
would
put
a
further
squeeze
on
public
finances,
leaving
little
room
for
increasing
or
even
maintaining
existing
levels
of
support
for
renewables.
And
that
would
pile
on
more
misery
for
wind
and
solar
developers,
and
their
local
supply
chains.
But
leaving
the
euro
may
not
be
a
bad
thing
in
the
medium…