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.