...They're investing in high speed rail.
French President Nicolas Sarkozy has attended the launch of a new high-speed train made by engineering giant Alstom.
The AGV (Automotrice Grande Vitesse) train will travel at up to 360km/h (224mph), powered by engines placed under each carriage, the company says.
The absence of locomotives at either end allows it to carry more passengers.
Italy has bought 25 trains, which it hopes to put into production in 2011.
In the meantime, North America continues to languish in an economic dead end of airports, highways and ever-bigger gas guzzling automotives.
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