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Can reforms overhaul Europe’s rail market? |
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Thursday, 29 September 2011 00:00 |
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Now that European Union governments have backed new laws to open up Europe's railways to competition, will the measures achieve their aim of creating a single market for rail networks and ensuring a better service for consumers?
Photo: Siim Kallas: "no other mode of transportation has state interests that are so strong"
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The single market has been a key principle of the European Union since its founding more than five decades ago, yet it has taken exhaustive legislation over the years to turn this notion into reality. One particularly hard nut to crack has been the rail sector, where national monopolies have long held sway. However, European Union Transport Ministers meeting in Luxembourg on June 16 took a key step in changing this holdout to the single market as they voted new rules to boost competition and transparency in the rail market.
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