Larco restructuring plan 
clears Parliament

Greek lawmakers approved a restructuring plan for Larco late on Wednesday which Greece called a last attempt to save Europe's biggest nickel producer.
The European Commission said in November it was taking Greece to the European Court of Justice (ECJ) over its failure to recover 135.8 million euros of illegal state aid to Larco, which is struggling under heavy debt.
Larco, which is 55 percent owned by the state, is floundering under half a billion euros in debt owed to suppliers, contractors, banks and pension funds, including 350 million euros in arrears to power utility Public Power Corporation.
The Greek Parliament on Wednesday cleared an amendment which stipulates the appointment of an administrator in March to liquidate Larco, cut wage costs by an average 25 percent and push ahead with a fast-track tender to sell a smelting plant and some of its mines.