Sunday, April 10, 2016

Greece: Chinese shipping company buys Port of Piraeus – Augsburger Allgemeine

The Chinese shipping company COSCO Group takes over the majority of the port in Piraeus Greece. Greece wants to take a total of 50 billion euros by government sales.

“The Silk Road is thus shorter”, quoted the state television the Greek leader Alexis Tsipras. Television corrected earlier information that Tsipras himself had signed the contract.

In the center of Athens caused a riot between dockers and the police. The workers were protesting against the privatization and criticized on banners, the port is sold “to the worst New Capitalists”. Police used temporarily tear gas and stun grenades to prevent the demonstrators from reaching the seat of government, where the treaty was signed.

 

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Greece sold the port of Piraeus

Thus, assume the Chinese 51 percent immediately and commit to another 16 percent to buy a maximum of five years. The economically strong ailing Greece receives 368.5 million euros for the share of 67 percent, according to the privatization fund Taiped. In addition, COSCO commit to investments of 350 million euros in the port of Piraeus. This is a further privatization under roof and roof.

However, whether the objective pursued Athens, to achieve a total of 50 billion euros by selling state holdings, still far off, told Greek media. To date, more than three billion euros have flowed into the state treasury. AZ / dpa

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