Greece approves port sale in second-largest city

A 67 percent stake in Thessaloniki Port has been sold for €232 million. (AP Photo)
Updated 22 February 2018
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Greece approves port sale in second-largest city

ATHENS: Lawmakers have approved the sale of a 67 percent stake of the Thessaloniki Port Authority in Greece’s second largest city, in a deal worth 232 million euros ($285 million).
Parliament ratified the concession agreement through 2051 which was signed in December with the consortium South Europe Gateway Thessaloniki. The consortium is comprised of Germany’s Deutsche Invest Equity Partners GmbH, Greek-Russian Belterra Investments, and France’s Terminal Link SAS.
Thursday’s approval follows the 2016 privatization of Greece’s largest port of Piraeus through the sale of a majority stake to China’s Cosco group.
Greece’s left-wing government says it’s committed to continuing cost-cutting reforms and privatization after the country’s international bailout ends in August. It will present rescue creditors a development plan in April to be used to gauge post-program surveillance and debt relief.


UK prime minister in last-minute push to win Brexit support

A European flag and a British Union flag hang outside Europe House, the European Parliament's British offices in London, Monday, March 18, 2019. (AP)
Updated 18 March 2019
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UK prime minister in last-minute push to win Brexit support

  • May aims to try a third time this week if she can persuade enough lawmakers to change their minds
  • May’s spokesman, James Slack, said Monday that the government would only hold a vote if there is “a realistic prospect of success”

LONDON: British Prime Minister Theresa May was making a last-minute push Monday to win support for her European Union divorce deal, warning opponents that failure to approve it would mean a long — and possibly indefinite — delay to Brexit.
Parliament has rejected the agreement twice, but May aims to try a third time this week if she can persuade enough lawmakers to change their minds. Her aim is to have the deal agreed before EU leaders meet Thursday for a summit in Brussels.
But there was no sign of a breakthrough, and the government faces a deadline of the end of Tuesday to decide whether they have enough votes to pass the deal, so that a vote can be held on Wednesday.
May’s spokesman, James Slack, said Monday that the government would only hold a vote if there is “a realistic prospect of success.”
May is likely to ask for a delay to Brexit at the Brussels summit. If a deal is approved, she says she will ask the EU to extend the deadline until June 30 so that Parliament has time to approve the necessary legislation. If it isn’t, she will have to seek a longer extension that would mean Britain participating in May 23-26 elections for the European Parliament — something the government is keen to avoid.
May’s goal is to win over Northern Ireland’s small, power-brokering Democratic Unionist Party. The DUP’s 10 lawmakers prop up May’s Conservative government, and their support could influence pro-Brexit Conservatives to drop their opposition to the deal.
Still, May faces a struggle to reverse the huge margins of defeat for the agreement in Parliament. It was rejected by 230 votes in January and by 149 votes last week.
Influential Conservative Brexiteer Jacob Rees-Mogg said he would wait to see what the DUP decided before making up his mind on whether to support May’s deal.
“No deal is better than a bad deal, but a bad deal is better than remaining in the European Union,” he told LBC radio.
British Foreign Secretary Jeremy Hunt said Monday he saw “cautious signs of encouragement” that the deal might make it through Parliament this week.
After months of political deadlock, British lawmakers voted last week to seek to postpone Brexit. That will likely avert a chaotic British withdrawal on the scheduled exit date of March 29 — although the power to approve or reject a Brexit extension lies with the EU, whose leaders are fed up with British prevarication.
EU leaders say they will only grant it if Britain has a solid plan for what to do with the extra time.
“We have to know what the British want: How long, what is the reason supposed to be, how it should go, what is actually the aim of the extension?” German Foreign Minister Heiko Maas told reporters in Brussels. “The longer it is delayed, the more difficult it will certainly be.”
Belgian Foreign Minister Didier Reynders agreed, saying: “We are not against an extension in Belgium, but the problem is — to do what?“
Opposition to May’s deal centers on a measure designed to ensure there is no hard border between the UK’s Northern Ireland and EU member Ireland after Brexit.
The mechanism, known as the backstop, is a safeguard that would keep the UK in a customs union with the EU until a permanent new trading relationship is in place. Brexit supporters in Britain fear the backstop could be used to bind the country to EU regulations indefinitely, and the DUP fears it could lead to a weakening of the bonds between Northern Ireland and the rest of the UK
Talks between the government and the DUP are aimed at reassuring the party that Britain could not be trapped in the backstop indefinitely.
May said in an article for the Sunday Telegraph that failure to approve the deal meant “we will not leave the EU for many months, if ever.”
“The idea of the British people going to the polls to elect MEPs (Members of the European Parliament) three years after voting to leave the EU hardly bears thinking about,” she wrote.
But May suffered a setback Monday when former Foreign Secretary Boris Johnson refused to support her deal.
Johnson, a staunch Brexiteer, used his column in the Daily Telegraph to argue that the backstop left the UK vulnerable to “an indefinite means of blackmail” by Brussels.