European Court of Justice last week ruled in favor of the European Commission and said the Greek government made insufficient efforts to recover from Olympic Airways €41 million ($52.5 million) in restructuring aid and €153 million in new operating aid, which was found unlawful and incompatible with the Common Market rules on state aid. The court also found that the transfer of all the assets of Olympic Airways free of all debt to the new Olympic Airlines made it impossible to ...
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