China Daily newspaper reports on the new Greek government stance to change its strategy regarding privatizations. In particular, China Daily focuses on the announcement of the new Greek government to halt privatization of Greece’s biggest port, stopping its cooperation with China’s Cosco Group on sale of Piraeus Port. It also refers to comments made by deputy minister in charge of the shipping portfolio Thodoris Dritsa that ‘the Cosco deal will be reviewed to the benefit of the Greek people’. The planned sale of a 67 percent stake in the Piraeus Port Authority was agreed under its international bailout deal for which China’s Cosco Group and four other suitors had been shortlisted.
January 28, 2015