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Europe Daily Bulletin No. 9127

9 February 2006
Contents Publication in full By article 22 / 30
GENERAL NEWS / (eu) eu/state aid
Enquiry into Greece's contribution to OTE early retirement plan

Brussels, 08/02/2006 (Agence Europe) - The European Commission has opened an enquiry into the Greek financing scheme for the early retirement plan of the Hellenic Telecommunications Organisation (OTE). This voluntary early retirement scheme was much costlier than the redundancy packages offered in the private sector because of the special status of OTE employees, which is almost akin to that of civil servants. Greece participates to the tune of 360 million euros (or 4% of its shares in OTE)...

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