Scaring off investors
Piraeus has grown into the Mediterranean’s third-biggest port thanks to a large private investment. Like many similar investments of its kind, that of Chinese shipping giant Cosco was vehemently opposed by various political parties, unions and vested interests.
Nevertheless, the investment came through despite the opposition of the champions of inertia and has offered numerous jobs and fresh prospects for the country’s growth.
But the war against every serious investment continues to rage and, what’s worse, the strategy has taken a litigious turn as almost every investor is being threatened with judicial procedures.
We finally need to decide on what we want Greece’s prospects to be and what we see as investments that will have a crucial impact on the country’s turnaround, because no investor will risk a large amount of capital in a toxic environment such as this unless we change our tune.