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5/22/13

Greek PM invites China to 'join Greece's success story' - BY Nikolia Apostolou

Athens
Officials in Brussels and Washington may view China’s global shopping spree with alarm, as the Asian power house continues to buy up companies, sovereign debt, ports, and bridges around the world. But the Greeks are already dusting off the red carpet.

On a five-day visit to Beijing that ended Monday, Greek Prime Minister Antonis Samaras eagerly invited the Chinese to "join Greece's success story," hoping to lure the country’s ravenous investors to Greece and pump new life into the country's devastated economy.

After global rating agency Fitch upgraded Greece's sovereign credit rating from CCC to B- last week, Mr. Samaras tried to convince Chinese officials that the economic crisis plaguing Greece would soon come to an end.

"I wouldn't be here if we in Greece hadn't turned our ship around," he told them during his visit, flanked by 71 Greek businessmen and members of his cabinet, who had to pay their own way to Asia because of budget austerity measures.

Read more: Greek PM invites China to 'join Greece's success story' - CSMonitor.com

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