Local view for "http://purl.org/linkedpolitics/eu/plenary/1999-11-16-Speech-2-248"

Predicate	Value (sorted: default)
rdf:type	lpv_eu:Speech2
dcterms:Date	"1999-11-16"^^xsd:date2
dcterms:Is Part Of	lp_eu:Question Time (Commission)2
dcterms:Language	"es"^^xsd:language2
lpv:document identification number	"en.19991116.10.2-248"2
lpv:hasSubsequent	lp_eu:1999-11-16-Speech-2-2492
lpv:speaker	lp:De Palacio2
lpv:translated text	"The Commission, through its decision of 7 October 1994, authorised the granting of considerable aid for the reorganisation of Olympic Airways. As always, this authorisation implied certain obligations on the part of the company, obligations intended to guarantee the genuine recovery of the company and limit the impact on competition and the single market. Unfortunately, these obligations have not been fulfilled and, consequently, the Commission had to reopen the case in 1996. The Greek authorities once again made additional commitments so that new aid could be authorised during 1998 and thereby unblock the last batch of aid to Olympic Airways which is still pending. Nevertheless, the report on the reorganisation presented in April of this year indicated that the financial results of the company were below the forecasts. This led the Greek authorities to order the drawing up of a new reorganisation plan by a new team led by specialist managers. As soon as the Commission receives that new reorganisation plan – we hope that this will be during this month of November – we will examine the content of the new commitments and we hope that they will give sufficient guarantees to allow the granting of the funds which are still pending."@en1

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