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Greece is up for sale and Chinese firms are in pole position

By Mike Bastin ( China Daily ) Updated: 2015-07-14 07:18:41

Despite the resounding "No" vote victory in the referendum held in Greece recently over the austerity package proposed by the so-called Troika - the European Commission, the European Central Bank and the International Monetary Fund - the Greek government on Monday clinched a deal with eurozone leaders to negotiate a third bailout to keep the near-bankrupt country in the eurozone.

The political decision could pave the way for the ECB to extend emergency liquidity assistance to Greek banks.

As more negotiations and uncertainties are expected - the Greek government has to push a drastic austerity program including pension, market and privatization reforms through parliament - the real business and investment issue appears to have received scant regard.

Greece is up for sale and Chinese firms are in pole position

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