Subscribe free to our newsletters via your
. Earth Science News .




TRADE WARS
Greek PM in China touts country as European 'gateway'
by Staff Writers
Beijing (AFP) May 17, 2013


Greek Prime Minister Antonis Samaras on Friday touted his troubled but improving economy as an attractive entry point for Chinese investment into the European Union.

"Greece can become a real 'gateway' for investment and trade flows between China and Europe," Samaris told a Greek-Chinese business forum, according to a copy of his speech text.

Samaris is visiting China, the world's second-largest economy, in a bid to strengthen economic ties. He met Chinese President Xi Jinping on Friday after holding talks with Premier Li Keqiang the day before.

Samaris acknowledged that Greece is in recession, but said that the country has overcome excessive debt and low competitiveness.

"We achieved fiscal consolidation and we have moved forward with structural reforms that are changing, totally changing our economy," he said.

Samaris added that a full recapitalisation of the country's banking system was on the verge of completion.

He said "currency risk scenarios" -- an apparent reference to the possibility of giving up the euro -- "are now dead" and that investors can rest assured.

"Greece is anchored in the eurozone," he said. "This is now unquestionable."

Samaris also welcomed the signing of business agreements Thursday, including one by the China Development Bank with Greece's privatisation agency and the "Invest in Greece" agency.

Greece's economy shrank 6.4 percent in 2012 and has contracted by more than a fifth since 2008 amid the country's debt crisis.

The government, however, is forecasting a smaller contraction of 4.3 percent this year before the economy returns to growth in 2014.

China's Xi told Samaris at their meeting that China supports European integration and is prepared to work with Greece -- which will hold the rotating EU presidency in 2014 -- to push forward China-Europe relations, the state-run Xinhua news agency reported.

"(We) look forward to closer cooperation between the two sides on trade, shipping, culture and tourism," Xi said, according to Xinhua. He also said his government encourages investment in Greece by Chinese enterprises.

Greek news agency ANA reported Friday, citing a joint statement issued at the end of Samaris' official meetings, that Athens welcomes Chinese participation in privatisation efforts.

"Greece welcomes and salutes the participation of Chinese enterprises in the Greek government's privatisation programme and declares its intention to offer the necessary facilitations and its support," the statement said.

.


Related Links
Global Trade News






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








TRADE WARS
Apple, US lawmakers in offshore tax showdown
Washington (AFP) May 17, 2013
Apple and US lawmakers are gearing up for a showdown over taxes - specifically how to deal with the huge stockpile of cash held by Apple and other multinational firms offshore. A Senate panel has called Apple chief executive Tim Cook and others from the California tech giant to testify at a hearing Tuesday on "methods employed by multinational corporations to shift profits offshore." Th ... read more


TRADE WARS
How should geophysics contribute to disaster planning?

Russia Boosts Emergencies Space Monitoring

Prince Harry tours hurricane-hit New Jersey

Finding a sensible balance for natural hazard mitigation with mathematical models

TRADE WARS
SPUTNIX is granted a license for space activity

Stanford Engineers' New Metamaterial Doubles Up on Invisibility

Observation of second sound in a quantum gas

Northrop Grumman's SABR Brings Fifth Generation Fighter Radar Capabilities to F-16 Aircraft

TRADE WARS
Limiting warming could buy some time for tropical coral reefs

Corals turn to algae for stored food when times get tough

Sea level: One-third of its rise comes from melting mountain glaciers

'Fish thermometer' reveals long-standing, global impact of climate change

TRADE WARS
Tropical air circulation drives fall warming on Antarctic Peninsula

Research into carbon storage in Arctic tundra reveals unexpected insight into ecosystem resiliency

Shrinking glaciers behind a third of sea-level rise: study

Arctic Council admits China, six others as observers

TRADE WARS
Invasive Asian stink bugs threaten fruit crops in Michigan

Measure on Amazon sugar cultivation gains in Brazil Congress

Flower power fights orchard pests

Banks accused of funding Asian land grabbing

TRADE WARS
Five hurt as quake hits Algeria: medics

TD Alvin Marks Starts Of US Hurricane Season

Bold action, big money needed to curb Asia floods

Bangladesh cleans up after killer cyclone

TRADE WARS
African Sahel reels from ever more frequent crises: UN

SLeone, China sign huge infrastructure deal

Residents flee after Nigeria air raids on Islamists

'Massive' troop deployment in Nigeria's northeast

TRADE WARS
Searching for Clandestine Graves with Geophysical Tools

Painless brain stimulation shown to improve mental math skills

Pet lovers take blogging to the next level

Scientists see brain's ability to 'rewire' itself after damage, disease




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement