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European Union countries agreed on Wednesday to a far-reaching system to coordinate scrutiny of foreign investments into Europe, notably from China.
Under the plan, developed in the wake of a surge in Chinese investments, the European Commission would investigate foreign investments in strategic technologies and infrastructure such as ports or energy networks.
Sarantos Zilakos, a young Greek electrical engineer, is leaving work each afternoon since 2011 with a warm smile on his face. He returns home to his wife and 17-month-old daughter proud, because he feels he is making his own contribution to a major project that has been praised internationally as a success story of bilateral cooperation between Greece and China.
Greek telecoms company Forthnet and Chinese telecom equipment maker ZTE Corp have teamed up with two other Chinese firms to finance a fibre optic network in Greece, Forthnet said on Saturday.
Forthnet and ZTE signed a cooperation agreement in 2016 to build a high-speed broadband network in the country.