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4/21/06

Spain News - Zapatero laments lack of European energy policy

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Zapatero laments lack of European energy policy

President Zapatero was in Berlin yesterday for a meeting with German chancellor, Angela Merkel. High on the agenda was the situation of the European energy sector in general, with special focus on the hostile takeover bid launched by German energy giants E.On for Endesa. During a press conference following the talks, Mr Zapatero admitted that the lack of a coordinated European energy strategy was causing a degree of tension, although Ms Merkel said that it was no reason why bilateral diplomatic relations should be affected. Both leaders expressed their faith in the rules of a free market economy given that "we all belong to the same system," and Ms Merkel stated that "With respect to energy policy, there are no differences between Spain and Germany."

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