Europe: Power Play

A benign nuclear war is being fought in Europe — a battle over the $500 million-a-year market for power reactors.Western Europe has already outdistanced the U.S. in the number of nuclear power installations (29 v. 12), but that is just the beginning. Europe has decided for the future to invest more in nuclear power than in any other means of producing electricity, is on the threshold of making major purchases of equipment. Such U.S. giants as General Electric and Westinghouse, which won an early beachhead for their reactors, are now being strongly challenged by big equipment makers...

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