Brussels, 07/07/2009 (Agence Europe) - The judgment of the European Court of Justice, delivered on Tuesday 7 July, on the Olympic Airways affair imposed a two-fold penalty on Greece for failure to recover state aid that was paid to the airline and was deemed illegal in 2005 (case C-369/07, European Commission v Greece). Greece will have to make a penalty payment of €16,000 per day and a lump sum of €2 million (see EUROPE 9834 for the advocate general's opinion). The penalty payment and...