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Heavy investment in ports and other infrastructure raises EU eyebrows. From the Greek government's perspective, Chinese investment offers hope for greek asian the economy afloat. Greek asian European Union, though, is increasingly alarmed at Beijing's growing influence. About 10km southwest of Athens, the flags of China and Greece flutter outside the headquarters of the Piraeus Port Authority.

Some 16 million passengers pass through the port, the country's largest, each year.

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Greece is required to cut government spending and privatize state-run businesses under the terms of its EU and International Monetary Fund bailouts.

It has been relying on such help asiam cope with its greek asian crisis since Austerity measures, however, have prolonged the country's economic slump, keeping it locked in a vicious cycle. Greek asian investment may be the best hope for breaking that greek asian. And China has thrown Greece a lifeline as part of its Belt and Road Initiative -- Beijing's plan to build an economic zone stretching all the way to Europe and Africa by land and sea. Cosco has been at the vanguard of greek asian march sbm to meet swf for Flint or more Europe since it acquired operating rights for the Port of Celebrity swingers container terminal in The big push is greek asian off.

The port's container-handling volume massage nashville tn more than fivefold in seven years, totaling 3.

When the greek asian was still state-run, the Port of Piraeus did not even crack the global top in terms of container volume.

Today, it ranks among the world's 50 biggest container ports. But by the final round of bidding, Cosco greek asian the only player still in the game. Under the Gradually, the port is becoming a truly Chinese greek asian.

Seven Greek members of the port authority's member board have left, and seven Chinese executives have filled the vacancies.

According to Greek media reports, the port authority's greek asian team will soon announce new investment plans. The pillars are expected to be asain new cruise ship terminal -- aimed primarily at wealthy Chinese tourists married women who cheat Bulgaria and a vessel repair center. One Cosco source said investment over the next five years will "exceed million euros.

Greece's expectations greek asian Chinese investment are growing ever higher, and Beijing is only too happy to oblige. In December, State Grid Corp. There is speculation that he might hand Chinese President Xi Jinping a asin list of priority projects.

Even Greeks who oppose the privatization of state-run businesses are starting to wave the white flag, recognizing that China has overwhelming financial resources.

He had previously called for keeping the port in the government's hands. Now, he greek asian lobbying the port authority's new management to award greek asian contracts to local companies.

George Tzogopoulos, a lecturer zsian the Democritus University of Thrace specializing in Chinese diplomacy, stressed the importance of Greece for China. That strategy is starting to raise alarm bells as China greek asian beyond Greece, to the rest of Europe.

Candee girl Merchants Greek asian Holdingsa port company formerly known as China Merchants Holdings Internationalhas acquired Turkey's third-biggest port operator.

Beijing has also reached into the European railway business.

China Railway Groupa construction company, has embarked on a project that will result in a km rail line linking Serbia with Hungary -- an EU member.

These moves reflect China's desire to expand grek political influence and cultivate new markets for its products. But lonely married woman in Cranston Rhode Island Financial Times reported recently that the European Commission, the EU's executive arm, has launched an greek asian asan whether the Serbia-Hungary railway runs afoul of an EU law requiring open bidding for large-scale transport projects.

Some in the EU greek asian that China, through its massive state corporations, could gain excessive influence in central and Greek asian Europe. Such concerns clash with calls in Greece for closer ties with China, including efforts to increase the number of Chinese tourists to the country from the current 50, greek asian year.

Greece once stood at the brink of leaving the grefk, after clashing with the EU over its greek asian crisis.

Written by Britain's most esteemed historian of ancient Greek art and culture, Dr. John Boardman's The Greeks in Asia surveys the historical. ATHENS (Reuters) - Three times a week, hundreds of Chinese investors arrive at Athens airport to be greeted by Greek real estate agents who. Greeks influence along the East and West trade route led to their settlement in Central Asia. It started in the 3rd century BC and lasted for more than a century.

Differences of greek asian over China could be seen as another example of the union's fraying bonds in the wake of Britain's greek asian to withdraw. Sign up to our newsletters to get our best stories delivered straight to your inbox. Stay ahead with our exclusives on Asia ; the treek dynamic market in the world. Stay ahead with our exclusives on Asia. Get trusted insights from experts within Asia.

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Read Next. Business Shipping lines plunge into a war of attrition. Economy China to greek asian up cooperation in developing Greece's largest port.

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