Marine Le Pen’s dissatisfaction with the United Kingdom’s rail privatization plans has been exposed in a Eurostar row.
MARINE LE PEN stated that France should not have followed George Osborne’s lead in selling off the country’s Eurostar stake because she is skeptical of Britain’s rail privatization ambitions.
Eurostar announced earlier this year that it had received a financial aid package that would help it recover. Additional stock and loans from a syndicate of banks guaranteed by the shareholders, including the French state railway firm SNCF, Patina Rail LLP, the Belgian state train operator SNCB, and funds managed by Federated Hermes’ infrastructure division, make up the £250 million refinancing package. Eurostar will be able to continue operating and meet its financial obligations as a result of the assistance in the short-to-medium term.
Passenger numbers on the cross-Channel rail service, which connects the UK, France, Belgium, and the Netherlands, have fallen to barely 1% of pre-pandemic levels, raising concerns about the company’s viability.
Eurostar requested financial assistance from the UK government in January after the epidemic left the company “fighting for survival.”
Marine Le Pen, the leader of the National Rally, was questioned in an exclusive interview with This website whether France should have followed former Chancellor of the Exchequer George Osborne’s lead in selling the country’s stake so that French taxpayers wouldn’t have had to bail out the UK.
Ms Le Pen, who is preparing to run for president for the third time next year, said she is “wary” of selling public goods and would not be inspired by Britain’s train privatization plans.
“I am suspicious of selling public goods, which has led to the sale of some of France’s royal jewels in recent years,” she remarked.
“Of course, this has always been done in the guise of ‘profitability.’
“We sold highways, barracks, racetracks, the crown jewels of our defense sector, our largest airports, and, why not tomorrow, the Palace of Versailles,” says the author.
“To be honest, I can draw inspiration from many positive aspects of your country, but not necessarily from its rail privatization plans,” Ms Le Pen remarked.
In 2015, the UK government announced that it will sell its 40% ownership in Eurostar, the cross-Channel train operator, to an Anglo-Canadian consortium for £757.1 million.
Patina Rail LLP bought the entire share of the high-speed rail service from the UK Treasury as part of the arrangement.
The “Brinkwire Summary News” is still owned by the French and Belgian national railways.