OPINION

Get the new Olympic off the ground

The solution that has been given to the problem of Olympic Airlines was necessary. Not because the European Commission imposed it but because the hemorrhaging of money at the expense of taxpayers had to stop. The solution is also a good one. In contrast with the previous government, this time the transport minister was able to obtain the consensus of the Commission. This has ensured that whoever owns the company can proceed without being weighed down by the debts of the old Olympic. Of course at this time circumstances do not favor the sale of an airline, albeit one that is free of debt. The global economic crisis has hurt air transport and investors are hardly lining up to buy businesses that operate in the sector. The good work that the government has done so far in handling this age-old issue must now be completed. In spite of the inclement financial climate, it has to secure a deal that will ensure that the logo with the five rings will soon be flying high again. And this time not at the expense of Greek

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.