Transport minister Mr Evripidis
Stylanidis said: “Greece currently pays Euros 2 million a day to maintain a
network that is unfortunately declining due to choices made in the past and is
only able to survive and operate because of the earnest efforts of its

OSE’s cost:revenue ratio stands
at 8:1, compared with the European average of 10:8. Improved services –
including better international links – and major staff cuts are the
cornerstones of the plan, while participation of private companies is also on
the cards.
Greece’s biggest railway union
called for a 24-hour strike in response to the proposals.