All roads still lead to Berlin, the powerhouse of Europe, which is now economically dominating the continent. Cypress was yesterday’s target, today it’s still Greece.
Prime minister hits out about delay in deal to resolve debt crisis when there is ‘light at the end of the tunnel’
Speaking at the Thessaloniki annual trade fair, where Greek leaders traditionally outline economic policy, Tsipras blamed a spat between the EU and the International Monetary Fund for putting off badly needed private investors.
“I would say that what is creating conditions of delay in regaining trust of markets and investors is the constant clash and disagreements between the IMF and European institutions,” he told reporters in a traditional no-holds-barred exchange. Continue reading
And more infrastructure gets plundered in the raid of Greek national sovereignty. Soon we’ll find out who gets what in this case — and it could be Germany once again, which just days ago, took over the Greek airport infrastructure. The Fourth Reich has pulled off the greatest heist of all time.
Greek privatisations under the EU bailout are set to include water companies, leading energy firms, and swathes of infrastructure.
The list, compiled by the Hellenic Republic Asset Development Fund, and agreed with creditors on 30 July, was published on Wednesday (19 August) by German Green MEP Sven Giegold.
He said the Greek public “hardly knows” what will be sold off and has “the right” to more “transparency”.
Petrakos told Spiegel that Greece wants “to deepen its relations with Russia in the energy sector” and get significant mutual benefit from this. The Greek delegation will talk to the Russian Minister of Energy, Alexander Novak, and the head of Gazprom, Alexei Miller. The periodical reminds that Gazprom controls about 70% of the Greek gas market. Continue reading
Chinese government-owned shipping and logistics giant COSCO is expected to complete the purchase of a controlling stake in Piraeus Port as it continues to take advantage of Greece’s privatisation programme.
Speaking at a conference in Athens, China’s ambassador to Greece Zou Xiaoli urged Chinese companies to explore further opportunities to invest in the beleaguered Mediterranean nation, which, as a condition of its bailout programme, is auctioning any saleable assets that remain in public control.
China views Greece as being a potential logistical hub, as it seeks to boost trade into Europe. Piraeus, being one of Europe’s largest passenger ports and the largest container port in the Eastern Mediterranean, is at the heart of its plans. Continue reading