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Athens' Piraeus port U-turn won't hurt China investment: analysts

They say new govt is just posturing and is unlikely to try to dislodge China from its 'gateway to Europe'

Published Sun, Feb 1, 2015 · 09:50 PM
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Piraeus, Greece

THE shipping containers emblazoned with the Cosco logo on the quayside at Greece's biggest port Piraeus are a sign that China has invested heavily here.

Even though Greece's new left-wing government set alarm bells ringing in Beijing when it halted the privatisation of the port last week, analysts say Athens is merely posturing.

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