way too serious, page-7

Well if the main investment sentiment is based on the EU crisis, you can understand why everything is being hit atm. But what I cannot understand is the extra negativity towards PDN. In fact on the contrary, I believe that the longer the EU remains stressed, the less likely they will have the stomach for optional expenditures ie In france the new president has already backed away from his initial "replace the nuclear power stations" stance. Germany is finding that the alternative energy sources cant satisfy their energy needs cost effectively. Perhaps the green coalition led by Merkel will be replaced with a less green alternative which could throw the sentiment back towards Nuclear.
Nuclear is the cheapest form of energy, and governments are being forced by the bond market to trim expenditure.