A change of tune on Cosco

When China’s Cosco Pacific put money into the port of Piraeus, certain Socialist officials saw the move as an attempt by outsiders to get their hands on Greece’s national wealth. A number of PASOK officials expressed their disapproval before and right after the general elections which saw the Socialists return to power. Now the economic crisis and the country’s extraordinary cash requirements appear to have knocked some sense into them. Nevertheless, it’s worth mentioning how absurd these politicians sounded as they strove to protect certain vested interests and ingratiate themselves with particular unions. Greece has suffered a great deal of damage over the past decades because of the irresponsible stance of politicians across the political spectrum who sensed a chance for gain by demonizing entrepreneurship. Their attitude often deterred crucial investment. Let’s hope that this belated sense of pragmatism, which has been imposed on them by the current circumstances, is here to stay.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.