In These New Times

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Greece betrays principle of contract by halting port sale

Posted by seumasach on July 6, 2015

Global Times

29th January, 2015

As soon as he assumed office, new Greek Prime Minister Alexis Tsipras has announced he is about to halt a landmark deal to privatize the country’s biggest port of Piraeus. China’s Cosco Group, a State-owned global shipping giant, had submitted a bid, but now, according to the new government, the sale will be reviewed.

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