The Great Greek Train Wreck. (user search)
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  The Great Greek Train Wreck. (search mode)
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Author Topic: The Great Greek Train Wreck.  (Read 1948 times)
ingemann
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« on: March 04, 2023, 01:27:39 PM »

While Ferrovie dello Stato Italiane only owns the trains and not the railway infrastructure, I am quite frustrated - no actually, embarrassed - that they are pretending to be completely extraneous to the fact.

Speaking of which, I am not even sure all of the trials for the 2009 Viareggio train derailment have ended yet. The scale of everything in this one (structural mismanagement and obscolence, direct human responsibility, death toll) seems so obviously worse, but Greek institutional failures also seem much worse, therefore I have low expectations about the aftermath.
They bought the Greek Railways for 45 million euros in 2017 in exchange for a 50 million euros annual government subsidy until the year 2036.

The actual privatization contract is a state secret and no one has seen or read it, probably not even the people who signed it.

The Ferrovie dello Stato Italiane affair is by itself a scandal ready to explode.

So the Greek government pays 50 million euros a year to the Italian government to have it run Greek trains? This would be so funny if it weren't so sad.

Doesn't that violate some kind of EU rule? I mean, a State run company buying another state run company in another member state seems a bit weird. If things are already "sketchy" when other foreign state owned companies, like several Chinese ones, buy state owned companies and there's suspicions of potential commercial irregularities, I assumed that within the EU things were different.

No, the Danish post service before it merged with the Swedish post service partly owned the Belgian post service.
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