New Silk Road May Help Greece If Syriza Allows China to Invest

th-4With China’s efforts to improve efficiency of its supply chains into Europe and expand its economy, the recently planned Silk Road project aspires to link Europe via the Indian Ocean and the Suez Canal. One major factor contributing to Greece’s recession since 2010 has been the drop in international investment. Multinational companies with holdings in Greece put new projects on hold, and foreign direct investment came to a halt. Among the few positive developments was a major investment from China Ocean Shipping Company, COSCO Pacific, in Piraeus, Greece’s largest port. Read Article