Great moments in central planning....The operators of the Channel Tunnel want to purchase ferry lines....
The brilliant Eurocrats that decided to build the channel tunnel are trying to eviscerate the competition by buying. I predict that allowing this to happen will ultimately raise costs, decrease service and destroy jobs as bureaucrats try to justify their capabilities and existence in what has proven to be a financial fiasco over the past several decades.
The Channel Tunnel and it s owners have defaulted or renegotiated its debt 3 times since construction of this monstrosity was begun.
Eurotunnel Heads Back to Future With Ferry Acquisition - Bloomberg