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Taking Over SNCF Debt: A Windfall for the French Government? (Opinion piece)

⚠️Automatic translation pending review by an economist.

As part of our partnership with Forbes magazine, read an opinion piece by Julien Moussavi, economist at BSI Economics, on the French government’s takeover of SNCF’s debt:

Summary: On May 25, Prime Minister Edouard Philippe sealed the fate of a promise made by the French President a few weeks earlier: a large part of the debt of the French National Railway Company (SNCF) will be taken over by the French State. €35 billion of debt will therefore be transferred to the nation’s accounts in two predefined stages: €25 billion in 2020 and the remaining €10 billion in 2022.

L'auteur

Image de Julien Moussavi

Julien Moussavi

Graduated from ENSAE ParisTech and holds a PhD in Financial Macroeconomics from Paris-Dauphine University (DRM-Finance). He currently works in a strategy and economic research department in the sovereign risk sector. His main areas of interest are emerging countries, their economies, financial markets and monetary policies. Julien is also a member of the editorial board of BSI Economics.

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