Is This Any Way To Deregulate An Industry?

The Europeans are at it again. Since late July, the European Union has approved government aid to several very sick national airlines. In one deal, Air France gets $3.7 billion in French government handouts. In another, Greece gives Olympic Airways $2.3 billion in cash and debt forgiveness. All told, in the past eight months, the Europeans have approved $7.4 billion in aid to state-run carriers (table).

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