FROM EUROSTAR TO BRITSTAR? HOW THE UNITED KINGDOM POST BREXIT GOODS THE EUROTUNNEL
One of the European Union's technological and engineering boasts risks becoming the property of the United Kingdom after Brexit, in the face of the UK's difficulties.
The director of the French state railway company, SNCF, has raised a very strong alarm linked to the survival of Eurostar, the company that currently manages the tunnel under the English Channel and the related rail links. The number of passengers dropped by 95% due to the pandemic as early as March and, after Belgium's latest squeeze on arrivals from across the Channel, for fear of the “English variant”, it seems to have dropped to 1%. Obviously, in the short and medium term, no railway service can survive these conditions.
France's SNCF said it had already capitalized on Eurostar, and many figures in the British business world have asked for direct intervention by the British government to recapitalize and bail out the company. The pressures are taking a very particular path: for example, the think tank Bruges group suggests using the active airline bailout fund to take control of the company and put it under British control. there
The investment could be very profitable, once the Covid-19 emergency is over, also because it is an ecological transport system and whose investment has long been amortized. The French government intends to intervene in support of Eurostar, but certainly not alone, also because the British financial capacities are much higher after Brexit and the exit from Brussels controls. The proportion of the intervention between the two countries could define the international ownership of the group itself.
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The article FROM EUROSTAR TO BRITSTAR? HOW THE UNITED KINGDOM POST BREXIT GOODS THE EUROTUNNEL comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/da-eurostar-a-britstar-come-il-regno-unito-post-brexit-si-pappa-leurotunnel/ on Sat, 23 Jan 2021 21:00:08 +0000.