ECONOMY

Metro stations set to open after Siemens deal

Greece has finally reached a settlement with Siemens, ending a protracted standoff that had kept newly built Athens metro stations offline, forcing local commuters to seek alternative ways of getting around.

The agreement settles bribery claims against Siemens as well as canceling out Greek debts of 80 million euros to the German industrial giant, which also pledged to contribute 90 million euros to public programs to combat corruption and aid good causes.

Siemens also agreed to invest 100 million euros in Siemens Hellas and another 60 million in innovation.

The settlement, which will allow for seven new metro stations to open using Siemens signaling equipment, was approved by the cabinet on Friday but still needs ratification by Parliament.