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The Economics of Sneakers

Ones and Tooze

CHAPTER

Greece's Economic Situation and Its Train System

Austerity has cut Greece off from what existed before but is now keeping other options also out of reach. There's not actually a shortage of money for this system to be improved or at least raised to the level at which it would be safe. The question really is how far in this case and this should have adds just to the fog around this disaster. It's not obvious that shortages of money were really the issue. Hundreds of 600-700 million euros at least have been made available for basic safety upgrades to the Greek system in the last decade or so. And running an electrified railway system on the back of that would be an obvious component of an energy transition strategy.

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