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German to levy nuclear power tax

08-23-2010 08:38 BJT

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German Chancellor Angela Merkel is standing by her plan to levy a tax on nuclear power plants. The move pits her ruling coalition against the industry.

Merkel defended the tax plan after industry bosses and members of her own Christian Democrats ramped up the pressure on her. Merkel hopes the nuclear tax will raise 2.3 billion euros a year to improve the the government's financial health.

The nuclear tax, is one of a number of contentious issues, facing Merkel. So far, she's failed to capitalize, on the strong recovery in Europe's largest economy, to drum up support for her 80-billion-euro austerity drive.

Editor:Zhang Pengfei |Source: CNTV.CN

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