Originally Posted by
eu01
(last year)
So, let's count: some 2,300,000,000 euros forgiven by Berlusconi + 730,000,000 deficit accumulated over recent years adds up to over 3 billions EUR. The debt keeps growing.
Let's count again. Or, why bother.
Today.it has already done the calculation for us.
"Alitalia (Cai) has costed [the taxpayers] already 4 billions in four years.
Every day the company burns 1.6 million of euros“
Well then. Now when all that money is gone, how to continue without formally breaking any of the EU competition / state aid rules? An Italian recipe is foolproof and simple:
1. The state airline is on verge of bankruptcy? Pay its debts, privatize.
(four years gone, money disappeared)
2. The private "national" airline is on verge of bankruptcy again? Tell some state enterprises to buy it back from its private owners (re-nationalize), guarantee bank loans, burn more money
(a few years gone)
3. Still near bankruptcy? Da capo al fine: pay debts, privatize once more.