Sky falls on SkyEurope creditors
Did SkyEurope, which declared bankruptcy on 1st September, defraud its creditors? According to SME, officials in Bratislava and Vienna investigating the demise of the low-cost Slovak airline, have discovered that SkyEurope had a "hidden sister," the Italian company MySky, which it used to store remaining cash reserves that would otherwise have been seized. In particular, SkyEurope transferred revenue generated by online ticket sales to MySky over a period of several months before it filed for bankruptcy. Launched in October 2008, MySky was a 50-50 joint venture between SkyEurope and another Italian company, MyAir, which has also gone out of business. Investigators in Vienna suspect SkyEurope of "cooking its books" in 2008 and 2009, which "do not feature any mention" of MySky.
In a time of crisis with high unemployment, young Lithuanians are following in the footsteps of their emigrant ancestors. Tens of thousands have left the country in search of a better life, mainly in the British Isles and Scandinavia. The weekly Veidas reports:
Two camps, two theories, and two visions of France: 18 years after the massacre of 800,000 Tutsis, the precise role played by Paris is still the subject of heated debate, fueled by the findings of successive criminal investigations.
Agree to new austerity measures or risk being kicked out of the eurozone: that’s the alternative presented to Athens on the day the euro group is meeting. It’s a situation Greek politicians have failed to avoid, regrets To Vima.