Port truce seems a good omen

According to an announcement made yesterday by the government, the deal between the Greek state and Chinese port operating company Cosco regarding container terminals at the Port of Piraeus will come into effect as of Monday after four weeks of delay. That a modus vivendi has finally been found is a positive development in every way. This deal is not only of great importance to Greece financially, it is also vital for the survival of its biggest commercial port, as well as being a step toward forging closer economic ties with one of the fastest-growing economies in the world and a major overseas investor. However, sealing this agreement should just have been a matter of course, as the Greek state must uphold to the last point every understanding that it signs, irrespective of which government is in power. Let us hope that the new government’s wise handling of the Piraeus issue is a positive omen for other realistic measures and decisions that Prime Minister George Papandreou’s administration will have to adopt in the near future.