The disgraceful situation of CP, the railway system of Portugal

CP has an accumulated debt of 3300 million euros,

more than 10 or 11 times its annual income.

In 2010 CP paid (or should have paid) 147 million euros in interest rates on their debt,

much more than the 122 million euros paid in salaries.

In the last strikes, CP lost at least €900,000.

CP makes about €57,000 per day in ticket sales,

which are lost when there are strikes.

The daily income serves to pay salaries,

and if CP staff continue to strike,

NO INCOME will be forthcoming,

making the bankrupcy spiral even deeper.