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Athens News Agency: News in English, 08-09-17

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] EU approves OA rescue plan
  • [02] FM addresses Paris conf'

  • [01] EU approves OA rescue plan

    The European Commission has approved a government plan to rescue Greece's ailing national carrier Olympic Airways, Transport Minister Costis Hatzidakis announced on Tuesday after an Inner Cabinet meeting chaired by Premier Costas Karamanlis.

    The Commission formally announced its approval of the plan.

    Hatzidakis spoke of a "major structural intervention" by the government regarding the OA problem that "permanently solves an issue that has occupied Greek society and the political system for the past 30 years".

    He told reporters after the meeting that the new air carrier would be privatised, offering job security for its workforce, while adding that he would make more detailed announcements later in the day.

    The plan provides for closure of the existing debt-ridden company, with a parallel commencement of procedures for the establishment of a new company managed by private investors.

    The new company will inherit the Olympic Airways name and logo and its valuable routes and airport slots in Greek and international airports.

    [02] FM addresses Paris conf'

    Greek Foreign Minister Dora Bakoyannis addressed in Paris on Tuesday evening the French Institute of International Relations (IFRI) on the theme "Confronting new challenges: Greece's perspectives," referring to a series of important questions namely the world economic crisis, the proliferation of poverty, underdevelopment, the cracking down on organised crime, climate change and terrorism, as well as the situation in the Caucasus, European affairs, the situation in southeastern Europe, Serbia, Kosovo and FYROM.

    Regarding the crisis in the Caucasus, the Greek foreign minister hailed the positive results achieved by the French European Union presidency underlining that Europe has done everything in order to avoid a new Cold War.

    As regards southeastern Europe, she noted that the region is called upon to confront socioeconomic challenges.

    Caption: ANA-MPA file photo of Foreign Minister Dora Bakoyannis

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