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Ports: Trieste will not go to the Chinese, a Golden Power possible. Urso specifies after the sale of Hamburg to Cosco

The new minister for businesses and made in Italy intervenes after the Sholz government sold the 24,9 pct of Hamburg (which also controls Trieste) to the Chinese of Cosco

Ports: Trieste will not go to the Chinese, a Golden Power possible. Urso specifies after the sale of Hamburg to Cosco

The story of the port of Hamburg, handed over partly into the hands of the Chinese, broadens the scope also on Italian ports after the crucial German maritime infrastructure also controls the port of Trieste.
The new minister for businesses and made in Italy, Adolfo Urso, interviewed at the Justice Hall said that "We will not surrender to the Chinese" and did not rule out the use by the government of the Golden power, i.e. the power to veto the adoption of certain corporate resolutions and to oppose the purchase of shareholdings.

The port of Hamburg, which controls that of Trieste, sold 24,9% to the Chinese of Cosco

Last week the federal executive headed by Olaf Scholz had to go down to a compromise, as assumed, between the promise made a year ago to the Chinese of Cosco (state company) of sale of 51% of the port of Hamburg and the opposition of part of the German government which, in the light of what happened in the gas supply chain with Russia, did not welcome a new dependency: in the end the Chinese got the 24,9% of the largest German port, second in Europe after Rotterdam and Scholz will take flight for Beijing on November 3 to negotiate commercial matters with Xi Jinping.

Italy as a frontier of the Mediterranean must be more aware

But the same fear of interference by foreign countries in strategic infrastructures is also perceived in Italy, given that the Port of Hamburg check for the 50,01 per cent the port of Trieste. “If the Germans intend to do what we have certainly announced, who are more aware of it because we are the border in the Mediterranean, with respect to this hegemonic project we will not follow them. We will not hand ourselves over to the Chinese,” Urso said.
Urso also recalled his position expressed in the past "on the policy of domination that China implements or wanted to implement through the 'silk road'", a "titanic challenge that China has launched against the West", aggravated precisely in these days after the political changes in China "with the choice of a new hierarchy that focuses entirely on national security, on social control rather than on economic growth".

Could the government use the Golden Power on the port of Trieste?

“It is a competence that obviously belongs to Palazzo ChigiUrso said. “I can say that our whole policy, including economic and productive, will be to guarantee Italian and European strategic autonomy on all the supply chains which are important for keeping decisions on the economic and productive development of our country and of our Europe in our hands . This is our policy. If others intend to move from dependence on energy to dependence on technology or dependence to some extent on China, we on this path we will not follow them".
Also the Alloy he doesn't back down. "Government and parliament will closely monitor the situation so that strategic infrastructures such as the Port of Trieste do not fall into Chinese hands", wrote the new Senator Marco Dreosto. Italy "has the right tools to be able to block hostile actions," he added. Instead, the opinion of the president of theport authority of Trieste, Zeno d' Agostino according to which the Chinese operation on the port of Hamburg is not worrying. "Today there are all the national and European tools to avoid situations of control by anyone in the ports" said D'Agostino in an interview with Rairadio3
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