China Establishes Its Silk Road in Greece by Purchasing the Port of Piraeus

 

Opening a gateway to Europe is a ‘once-in-a-thousand-year opportunity’ for China.

In October 2009, government-owned China Ocean Shipping Company (cosco) took over one of two piers in the Port of Piraeus from its Greek authorities. Since then, cosco worked to increase the annual container volume nearly 10-fold. Finally, after waiting seven years, Beijing’s One Belt, One Road (obor) initiative took a step further when cosco purchased full control of the Port of Piraeus on April 8.

Greece to finalise airports deal ‘immediately’ – source

…and Greek further capitulates to Germany’s Fourth Reich. If they ever get tired of being a German vassal state and decide to go with the economic ‘nuclear option’, don’t be shocked to find Russian military bases and Chinese owned shipping ports within Greek territory.

 

(Reuters) – Greece will finalise “immediately” a 1.2-billion-euro (£883.2 million) deal with Fraport (FRAG.DE) to run regional airports and reopen bidding for a majority stake in Piraeus port (Rolph.AT), a senior privatisations official said on Tuesday.

The asset sales had been in doubt after Prime Minister Alexis Tsipras’ leftist-led government took power in January but may be the latest concessions offered by his government to try to secure more bailout cash from international creditors.