INTRO: Convergence achieved

WHILE Europeans wrestle with impending monetary union, the railway supply industry appears to have already met convergence criteria. GEC Alsthom - soon to become just ’Alstom’ - and Siemens are co-operating on the Eurotrain project (p411). However, Dieter suggests a way that the gauge-changing Talgo might be incorporated into a three-way joint venture project, solving the political problem of whose power car should head the train.