EC approves Alitalia bailout. Is this it?

So with an Italian as EC Commissioner for Transport, the Europeans have now formally approved the Alitalia rescue program.

This includes making Alitalia repay its loan to the Italian government. So this works out ok because Alitalia's current owners (that would be the Italian Government) will repay the debt to the Italian Government.

So is this it? The fodder for countless blogs and articles for years?

Probably not - There have been strikes this week and more are scheduled not to mention unscheduled work stoppages. So the labour unions are not in sync on this one.

I guess we will have to see how much patience everyone has. Just for the record - I am not anti-Italian. But this soap opera could only play out this way in Italy!

Cheers