European Court of Justice imposed a €2 million ($2.8 million) fine on the Greek government for failing to recover state aid illegally granted to Olympic Airways, the predecessor of Olympic Airlines, which was privatized in March (ATWOnline, March 11). The penalty will be increased by €16,000 each day if Greece fails to recover the money within one month. The ruling relates to a longstanding dispute between the European Commission and Greece over state aid to its loss-making flag ...

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