wait, i are cornfused... what does "The French government has agreed to absorb €35 billion in debt from the state railway SNCF" mean? if it is a STATE railway, is it not already funded by the gooberment???
wait, i are cornfused... what does "The French government has agreed to absorb €35 billion in debt from the state railway SNCF" mean? if it is a STATE railway, is it not already funded by the gooberment???
It’s funded by taxpayers.
Woodrow Wilson tried that sort of thing with the USRA. Then later on, we got stuck with Amtrak and Conrail; at least Conrail’s back in the private sector now, but under two oversized nigh-monopolistic railroad companies (CSX and Norfolk Southern).