The open wound of Larco

For one more year, the fourth in a row, the Larco state mining company will remain idle, but subsidized by the state budget. This is despite the fact that the relevant tender for its sale and the entry of a strategic investor has already been completed since last year and the demand for nickel internationally is strong. Larco is a problematic enterprise that has cost Greek taxpayers 5.77 billion euros, according to a recent study. The new extension means that …