The crisis over Toshiba that is it hitting the headlines is part of a much deeper crisis in the global nuclear sector. The venerable Japanese company is far from the only nuclear player
in crisis. Take France. The French government is selling assets so it can prop up its heavily indebted nuclear utilities. Électricité de France (EDF) announced in 2015 that it would sell €10bn of assets by 2020 to rein in its debt, which now stands at €37.4bn. EDF is being pressured by the French government to purchase parts of its bankrupt sibling Areva, which has accumulated losses of over €10bn over the past five years.
