COSCO deal will help Greece stand on its feet, Tsipras says

TAGS: Diplomacy, Economy

Greece’s deal with Chinese shipping giant COSCO is “helping the country stand on its feet,” Greek Prime Minister Alexis Tsipras said in Beijing on Monday, adding that the debt-hit nation was finally turning the page after years of financial uncertainty.

“We are sending a strong message to the international markets that Greece is decisively entering a new phase,” Tsipras told a business forum in the Chinese capital as representatives of COSCO and the Greek state sell-off fund TAIPED officially signed an agreement for the sale of a majority stake in Piraeus Port, OLP.

In comments made at the same forum, Chinese Prime Minister Li Keqiang said that his country will help Greece become stronger inside a stronger Europe.