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Trains In Southern Europe

22nd July 2010

How to run a railway system with startling incompetence and/or amazing system destabilizing losses?

Learn from Greece:

Losses at Hellenic Railways, however, continue to mount — at the rate of 3 million euros ($3.8 million) a day. Its total debt has increased to $13 billion, or about 5 percent of Greece’s gross domestic product...

Some have argued that Hellenic Railways should shut down the majority of its routes, especially in the mountainous Peloponnese region where trains manned by drivers being paid as much as $130,000 a year frequently run empty.

Or just up the tracks in Albania where at least things are on a more modest scale:

Last year the railways had an income of €9m, of which €5m came straight from the government.

I blame it on all those olives.

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