Among all the other mis-happenings of the economic market, there is now one more. Germany had announced that it shall no longer be a part of the nuclear power after there was a blunder in Japan.

The pharmaceutical firm, Bayer is of the view that it might consider taking back its support to the nation and might shift their operations to some other nations after this development. They are of the view that this is an essential step for acquiring cheaper sources of energy.

It was revealed by Mr. Marjin Dekkers, the Head of the Bayer pharmaceutical firm that they need to work in co-relation with other nations and that they shall shift wherever they get maximum benefits for to their firm.

“It is important that we remain competitive compared with other countries. Otherwise, a global company like Bayer will have to consider relocating its production to countries with lower energy costs”, he said.

Analysts are of the view that with this development, energy firms are going to be the ones hit the most and the rise in the prices of electricity shall continue.

He further added that Germany was one of the costliest nations in terms of electricity in the Eurozone and this is the reason the investors were losing interest from the nation in terms of a site for chemical industries.