E.U. Requests Sanctions Against Greece Over Airline Aid

Law360, New York (October 19, 2006, 12:00 AM EDT) -- The European Commission on Wednesday asked Europe’s high court to impose sanctions on Greece for failing to recover illegal state aid given to its flagship airline, after a previous order to do so stalled.

Greece has been trying for years to make Olympic Airways economically viable, including giving it €161 million ($196 million) in state aid between 1998 and 2002, which the European Union found to be anti-competitive and illegal.

The Commission has now asked that Greece make a lump sum payment for failing to comply...
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