Scar­ing off in­vestors

Kathimerini English - - Front Page -

Pi­raeus has grown into the Mediter­ranean’s third-big­gest port thanks to a large pri­vate in­vest­ment. Like many sim­i­lar in­vest­ments of its kind, that of Chi­nese ship­ping gi­ant Cosco was ve­he­mently op­posed by var­i­ous po­lit­i­cal par­ties, unions and vested in­ter­ests. Nev­er­the­less, the in­vest­ment came through de­spite the op­po­si­tion of the cham­pi­ons of in­er­tia and has of­fered nu­mer­ous jobs and fresh prospects for the coun­try’s growth. But the war against ev­ery se­ri­ous in­vest­ment con­tin­ues to rage and, what’s worse, the strat­egy has taken a liti­gious turn as al­most ev­ery in­vestor is be­ing threat­ened with ju­di­cial ac­tion. We fi­nally need to de­cide on what we want Greece’s prospects to be and what we see as in­vest­ments that will have a cru­cial im­pact on the coun­try’s turn­around, be­cause no in­vestor will risk a large amount of cap­i­tal in a toxic en­vi­ron­ment such as this un­less we change our tune.

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