The European Commission ruled that Olympic Airlines and its predecessor Olympic Airways have received some €700 million ($859 million) in illegal state aid since 1994. "By granting this aid, Greece has given Olympic Airways and Olympic Airlines an advantage not available to their competitors," the EC said in a statement, adding it "therefore asked Greece to recover the illegal aid payments." The government has two months to show the EC how it intends to comply with the ruling. The ...

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