=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SFGate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/n/a/2006/04/04/financial/= f043622D69.DTL --------------------------------------------------------------------- Tuesday, April 4, 2006 (AP) EU Warns Greece Over Olympic Airways Aid (04-04) 04:36 PDT BRUSSELS, Belgium (AP) -- European Union regulators on Tuesday warned Greece that it must recover 161 million euros ($194 million) in illegal aid to Olympic Airways or face fines. The European Commission said it would ask the EU's high court to impose financial penalties if Greece did not respond within two months. The EU ordered Greece to recover the money from Olympic in 2002 after ruling that the aid infringed on an agreement on state aid to the struggling carrier. In May 2005, the European Court of Justice ruled that the Greek governme= nt had failed to get back the money, which was paid to Olympic between 1998 and 2002. The Greek government in November postponed plans to privatize the compan= y, now renamed Olympic Airlines, in the wake of the EU ruling on the illegal subsidies. ----------------------------------------------------------------= ------ Copyright 2006 AP