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Europe Daily Bulletin No. 9167

5 April 2006
Contents Publication in full By article 20 / 37
GENERAL NEWS / (eu) eu/transport
Athens has two months to react on illegal subsidies paid to airline company Olympic Airways between 1998 and 2002

Brussels, 04/04/2006 (Agence Europe) - On Tuesday, the European Commission sent a reasoned opinion to Greek authorities, which have still to recover the 161 million euro in state aid paid illegally to Olympic Airways between 1998 and 2002, says a Commission press release. After authorising different forms of State aid paid by Athens to restructure the ailing airline company from 1998, the Commission discovered that Greece had also granted illegal aid, estimated at 194 million euro at the...

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