A news article caught my eye this morning which demonstrates how easily a project can go badly wrong, and the financial consequences of rectifying the problem. France’s national railway operator SNCF recently ordered 2,000 new TER (Trains Express Regionaux) trains from Alstom and Bombardier, as part of a £2.43bn national upgrade. Responding to customer demands… Continue reading New French trains are “too large”
Tag: France
Political Crisis in France: President Hollande and the Role of Money, Trust and Revolution
The French socialist President François Hollande has only held office since mid-May last year, but his presidency is already going through zones of turbulence and Hollande is in the midst of a psychodrama. Background – the Cahuzac scandal There are multiple problems in France – economic, structural, politic and societal. An explosive crisis has recently… Continue reading Political Crisis in France: President Hollande and the Role of Money, Trust and Revolution
How four French Towns Compete in the 21st Century
The European perspective The European Union has a combined population of over 500 million inhabitants, which equals 7.3% of the world population. In 2011, the European Union generated a nominal GDP of 14 trillion euro (larger than any single country in the world), representing approx. 20% of the global GDP when measured in terms of… Continue reading How four French Towns Compete in the 21st Century