Some transit authorities offer free service to encourage ridership. Greece is offering free service this week because no one has money.
As a result of Greece's banks shutting their doors and ATMs for the entire week in order to prevent potential bank runs at the expense of their customers — in turn the result of the failing bailout of the nation's economy — transportation minister Christos Spirtzis declared transit service in Athens would be free to all until next week, Business Insider says.
The move would affect only those in the greater Athens metro area, where 40 percent of the nation's population call home; the next-largest city, Thessaloniki, can't waive its fares because its system isn't fully run by the Grecian government. Meanwhile, Greece stands to lose €4 million ($4.44 million USD) as a result of the declaration; typical fares are around €1.20 ($1.33).
(Photo credit: hans-johnson/Flickr/CC BY-ND 2.0)
The post Mass Transit In Greece Free This Week Due To Economic Crisis appeared first on The Truth About Cars.
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