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This is gonna be a bitch on big European shipyards. Most cruise liners are built in Italy/Germany and even if these shipyards get bailout money it might not be enough long term.
EU market can't compete with cheap labour of China or insane subsidies of Korea and that's why they focused on high profit margin cruise ships. Without this cash cow we might be looking at the end of big shipbuilding in Europe as we know it.
