To meet the requirements of international lenders, the Greek Government signed the contract for the sale of the port of Piraeus. A two-thirds majority is now part of the Chinese shipping company Cosco. In Athens workers demonstrated against the deal.
The Chinese shipping company Cosco Group takes over the majority of the port in Piraeus Greece. Signed a contract to Prime Minister Alexis Tsipras and the head of the Chinese company, Xu Lirong. “The Silk Road is thus shorter” quoted state television Tsipras.
The strong economically ailing Greece sold a share of 67 percent at the port and receives according to the Privatisation Fund Taiped 368.5 million euros. Furthermore, Cosco commit to investments of 350 million euros in the port of Piraeus.
protests in Athens
In the capital Athens to the part of the port of Piraeus, there were clashes between dock workers and police. The workers feared by selling a negative impact on their jobs. Unions described the privatization as “selling out”.
The Chinese conglomerate Cosco include the port of Piraeus since 2008 two container terminals. It suggests there is a large part of the trade. Situated near Athens harbor one of the largest in the Mediterranean. Cosco will make it the largest transit center in Southeast Europe and become a bridge for exporting Asian goods to Europe.
privatization as a condition for loans
This is a further privatization in the bag. However, whether the objective pursued Athens, to achieve a total of 50 billion euros by selling state holdings, in the distant future, reported the Greek press. So far, so no more than three billion euros have flowed into the state treasury.
Progress in privatization is an important condition for the third Greek aid package worth 86 billion euros, the has negotiated government in Athens with international donors. In December, the German airport operator Fraport had signed contracts for the operation of 14 regional airports in Greece.
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