A long-standing dispute between the EU and China over alleged price dumping in the solar panel market by the latter has come to an end with the two parties reaching a compromise which has left European manufacturers outraged.

In a statement issued on Saturday, EU Trade Commissioner Karel de Gucht said that after “weeks of intensive talks” a deal had been reached which would serve as an “amicable solution in the EU-China solar panels case.” “We are confident that this price undertaking will stabilize the European solar panel…