- Losses at Hellenic Railways continue to mount — at the rate of $3.8 million, a day. Its total debt has increased to $13 billion, or about 5% of Greece’s gross domestic product.
- Some have argued that Hellenic Railways should shut down the majority of its routes; trains manned by drivers being paid as much as $130,000 a year frequently run empty.
- The general secretary for the Greek Transport Ministry, contends that the government’s plan to close at least 35 loss-making routes and cut 2,500 jobs will make Hellenic Railways attractive to foreign investors.
How many investors have "Mufi Hannemann and the Pro-Railers" found?
Zero investors but thousands of payers! The 400,000 Oahu taxpayers!
Source: All bullets excerpted from New York Times' Greek Rail System’s Debt Adds to Economic Woes.