Word: chunnel
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Dates: during 2004-2004
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...Chunnel Vision FRANCE: Before he left for London to celebrate the Entente Cordiale, France's 100-year-old diplomatic alliance with Britain , French President Jacques Chirac called the relationship between the two countries "l'amour violent" - a tempestuous affair. But when he and Prime Minister Tony Blair gave a press conference, they acted like an old married couple, content to downplay their differences for the sake of the children. Chirac insisted that the Iraq war was "the one and only issue" on which they had fought. "What matters really is all that we have in common in the present...
...stock dropped over 13% to 52? on the day after the coup. Fabrice Rémon, partner of the Deminor consultancy that advises minority shareholding groups, warns: "More than ever, you have to wonder about Eurotunnel's survival." It has been a slow, dark journey. Construction of the "Chunnel" took from 1987 to 1994 - a year longer than planned - and costs hit twice the initial forecast. Estimates for passenger and freight business were overly optimistic...
...after he advised clients to invest in a firm heading into bankruptcy) was the principal organizer of the overthrow. He owns 7 million shares of the company's stock but has taken no official role on the board. He has backed Maillot's plan to renegotiate with creditors, raise Chunnel charges, increase productivity (without layoffs), and obtain some compromise form of government aid such as a debt guarantee. Sounds nice, but Rémon and others call that plan as unrealistically rosy as the original Eurotunnel projections. French and British officials scoff at ideas of state aid, and Maillot...
...RICHARD SHIRREFS, Eurotunnel CEO, on the Chunnel operator's ?1.9 billion loss in 2003, ongoing debt and low traffic
Today, this is a dream: an expensive and far-fetched twinkle in the eye of the Pike’s highest don. For such a dream, devoting $10,000 for an exploratory study must have seemed cheap to Amorello. The pharaohs had their pyramids; Mitterand, his Chunnel. Amorello might have his magnetically-levitated monorail. As chair, Amorello took over the Big Dig in February 2002, and for nearly two years the rest of the transportation world have looked on with a combination of envy and schadenfreude. But a man of Amorello’s imagination is no more satisfied with...