Greece ordered to recover aid from China’s Cosco

The decision may not necessarily enhance relations between Greece and China, already strained in January when the new Greek government headed by Alexis Tsipras announced that the privatisation of the port of Piraeus in Athens was under review. The European Commission's decision of 23 March will make for even cooler relations. The executive ruled incompatible with EU state aid rules the tax advantages and preferential accounting treatment given to Chinese group Cosco, the world's fourth largest container shipping firm, and…