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Train fares are up to 30 times more expensive than planes in Europe
(edition.cnn.com)
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I'm not sure whether a common ticket is a good idea, but I also don't see why this needs to be a barrier. Other than Portugal and the UK, which need to connect through those countries, no other countries in Europe need France, Spain, or Italy onboard to agree to a common system. You just can't travel in those countries with it.
EDIT: Well, okay, and Andorra and Monaco and Vatican City.