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Greece opens arms as China comes bearing gifts

Years of courtship and chequebook diplomacy have given Beijing a political foothold in Athens

China has transformed Piraeus (above) into the Mediterranean's busiest port, investing nearly half a billion euros through the state-backed shipping conglomerate Cosco.


AFTER years of struggling under austerity imposed by European partners and a chilly shoulder from the United States, Greece has embraced the advances of China, its most ardent and geopolitically ambitious suitor.

While Europe was busy squeezing Greece, the Chinese swooped in...