Germany's trains tend to arrive relatively punctually, but plans to partially privatize the rail service have been postponed for the second time. The government blames global economic instability for the delay. The partial sale of the state-owned German rail system will eventually go ahead, but for now government officials have delayed the process for an undisclosed period of time. Some senior officials have said the stock flotation could be put off until after general elections in September. The sale of just under 25 percent of Deutsche Bahn Mobility Logistics, a unit operating passenger and freight trains, had initially been set for last week, but it was called off because of the global financial crisis.
The partial sale of the state-owned German rail system will eventually go ahead, but for now government officials have delayed the process for an undisclosed period of time. Some senior officials have said the stock flotation could be put off until after general elections in September.
The sale of just under 25 percent of Deutsche Bahn Mobility Logistics, a unit operating passenger and freight trains, had initially been set for last week, but it was called off because of the global financial crisis.
