The Chinese-lettered banner hanging over the entrance is one of the few signs that Beijing now controls Europe’s fourth-biggest container port.
Yet this month the Piraeus Port Authority handed a further 16 per cent of its shares to Cosco, cementing its control by the Chinese state-backed shipping group, which bought 51 per cent of the Greek port in August 2016.
The deal has intensified unease in the EU over China’s increasing involvement in European infrastructure and met a wall of opposition over environmental and social concerns, and China’s unmet investment pledges.
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