Green light for investments
One has to welcome the fact that the leftist-led government has finally decided to move forward with two key privatizations, that of Piraeus Port Authority (OLP) and Greece’s regional airports.
The investment by Chinese shipping giant COSCO will yield obvious economic benefits but it is also of great geopolitical significance for the country. The Asian country has given Greece a great deal of support over the past few years.
Meanwhile, the airport investments will bring funds and spur growth thanks to the related infrastructure projects. Most importantly, they will help upgrade tourism destinations across the country, which are currently served by substandard airports.
One hopes that the government has finally overcome its past allergies and fixations regarding privatizations and that these will not be undermined by officials in the future.
