Posted on 05/25/2018 10:57:29 AM PDT by Olog-hai
At this point, probably fighting is needed. The unions fight on the wrong side, of course.
but if it’s taxpayer funded, are they already not on the hook for the 35B debt?
that’s where i get lost, if it’s state funded is it also part private owned?
Yes, the public is on the hook for that “absorption” of the debt. More billions down the rathole. Of course, France doesn’t have its own currency to devalue anymore.
Macron’s plan is actually fascistic in nature, to turn SNCF into a nominally-private company with majority of shares owned by the state. Don’t know if it’ll involve breaking things up into a pattern resembling the pre-SNCF company structure (as the UK partial privatization broke things up into a pre-Big Four system), but for now, the unions rejected his plan.
thx...
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