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Ramsauer rules out Deutsche Bahn privatisation

DDP/The Local · 11 Feb 2010, 10:44

Published: 11 Feb 2010 10:44 GMT+01:00

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“Privatisation at every cost often proves to be the wrong path,” he told daily Berliner Zeitung, adding that Deutsche Bahn has a societal duty to guarantee standards of rail traffic.

But the state-owned enterprise has neglected the needs of its customers due to plans to privatise, he said, blaming this for months of chaos for Bahn-owned S-Bahn commuter trains in Berlin.

“Those who as quasi monopolists look only to the trading floor leave quality by the wayside,” he told the paper.

Though the new government coalition made up of Chancellor Angela Merkel’s conservative Christian Democrats (CDU) and the pro-business Free Democrats (FDP) have agreed to a partially privatisation of the rail provider, Ramsauer effectively ruled this out for the time being.

“I am not prepared to squander economic assets,” said Ramsauer, a member of Merkel’s Bavarian sister party, the Christian Social Union (CSU).

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Capital market conditions remain inhospitable to privatisation plans and going public would be irresponsible, he added.

Plans to put Deutsche Bahn shares on the market were halted in autumn of 2008 following the global financial crisis, but the coalition has agreed to move forward as soon as the market stabilises.

DDP/The Local (news@thelocal.de)

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Your comments about this article

15:29 February 12, 2010 by Actuality
When Thatcher began the process of privatising the infrastructure and utilities of the UK, she effectively destroyed the country.

Please, Germans, have a look at what has become of Britain's railway system since privatisation, and understand that some utilities and services should always be owned and controlled by the state (ie us).
15:30 February 12, 2010 by cbatchelor
Personally as an Englishman I think Deutsche Bahn are an example to the other railways in Europe (no offense meant).Deutsche Bahn are arguably

providing the best services and network in Europe-in that sense I think I

agree with the Government minister that its better privatisation is avoided.

Having witnessed what privatisation failed to achieve in England (which is ,of course,a matter of conjecture),I think British Rail would also have been better

un-privatised.Some entities are not suitable for privatisation,I think national

railways could possibly be one of them.So I agree with the Minister's thinking

on it.
00:34 February 13, 2010 by cklb
"some entities" (cbatcheler) is anything rail, cable, pipe or street concerned stuff, its just not possible to privatize it, as the customer doesn't have to much choice to change the supplier.... So its no (or no real) competition and the suppliers can demand whatever they want :)
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