Turk­ish econ­omy.

Kathimerini English - - Focus -

great ex­am­ple of win-win bi­lat­eral co­op­er­a­tion in re­cent years, since Chi­nese giant Cosco Ship­ping has taken over the man­age­ment of Pi­raeus Con­tainer Ter­mi­nal and Pi­raeus Port Author­ity. “The Pi­raeus port, which the Task Group 150 is vis­it­ing, is a pearl of the Mediter­ranean, the pride of Greece, the lodestar of China-Greece co­op­er­a­tion, and a place where our joint dreams come true,” Gao stressed. “China and Greece are pro­mot­ing the China-Europe LandSea Ex­press Line in which Pi­raeus is a key port. Our two an­cient na­tions, in­her­i­tors of il­lus­tri­ous civ­i­liza­tions, are march­ing hand-in-hand to­wards their com­mon goal of re­ju­ve­na­tion,” the Chi­nese diplo­mat added. the Euro­pean Cen­tral Bank to keep bor­row­ing costs low, the Bun­des­bank said yes­ter­day. The Bun­des­bank noted that Greece falls into a dif­fer­ent cat­e­gory, since it has re­ceived three bailouts since the start of its cri­sis but a sim­i­lar cal­cu­la­tion would show it saved over 21 per­cent of GDP in debt costs.

Turk­ish Deputy Prime Min­is­ter Mehmet Sim­sek will have over­sight of the econ­omy in the new cabi­net, a gov­ern­ment spokesman said yes­ter­day, a move that is likely to be wel­comed by in­vestors. Sim­sek, a for­mer Wall Street banker, will over­see eco­nomic co­or­di­na­tion, banks and eco­nomic in­sti­tu­tions, Deputy Prime Min­is­ter Bekir Bozdag told a news con­fer­ence. Prime Min­is­ter Bi­nali Yildirim last week reshuf­fled his cabi­net. Bozdag also said Deputy Prime Min­is­ter Fikri Isik would over­see in­vest­ments.

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