On April 10th, China’s Premier Li Keqiang celebrated the completion of the 1st phase of the 2.5 kilometer Chinese-built Pelgesac Bridge in Croatia across the Bay of Mali Ston alongside Croatian Prime Minister Andrej Plenkovic. This ceremony marked a striking victory as the following day ushered in an important 16+1 Heads of State summit that saw Greece inducted as the newest member of a new alliance of Central and Eastern European nations who wish to cooperate with China. At this summit held on April 12, Greece’s Prime Minister Alexis Tsipras stated that this was “a very crucial moment for global and regional developments” and “we have to leave behind the crisis and find new models of regional and global cooperation.”
Of course, Greece’s involvement in this alliance (now renamed the 17+1 CEEC) has broadened its geographical boundaries to the west and is especially important as Greece’s Port of Piraeus is a strategic east-west trade gate way for the Belt and Road Initiative (BRI) into Europe centered on the China-Europe Land-Sea Express Route. Greece is painfully aware that its survival depends upon China’s BRI, as the EU programs for austerity, privatization and bailouts have brought only death and despair with a collapse of youth employment, crime rate spikes and suicide. It is also not lost on anyone that this breakthrough follows hot on the heels of Italy’s joining of the Belt and Road Initiative on March 26 and also serves as a precursor to the second Belt and Road Summit which will take place in Beijing at the end of April, involving over 126 nations who have already signed MOUs with the BRI and thousands of international businesses.
Ten additional BRI-connected agreements were signed between Croatia and China before the 17+1 Summit including the modernizing of rail lines (especially from Zagreb to the Adriatic port of Rijeka), telecommunications cooperation between Huawei and Croatian Telecom and major port, roads, harbors, education and cultural cooperation.
The Belt and Road Initiative, as Tsipras aptly pointed out, is not just another set of infrastructure programs designed to counterbalance western hegemony, but is rather a “new model of regional and global cooperation” founded upon a principle of mutual development and long term thinking not seen in the west since the death of Franklin Roosevelt.
The fact that China formalized an economic and trade cooperation agreement with the Russian-led Eurasian Economic Union in May 2018 is extremely relevant as it incorporated its five nation membership of Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan directly into the BRI. Already China has invested $98 billion into the real economies of the EEU involving 168 BRI-connected projects.
Commenting on these developments in an April 10 webcast from Germany, Schiller Institute President Helga Zepp-Larouche made the following apt observation: “Geopolitics has to be thrown out of the window, and the New Silk Road is the way to industrialize Africa, to deal with the Middle East situation to get peace there, to establish a decent working situation between the United States, Russia and China: And that is for Europe what we should demand. And the best way to do that is that all of Europe would sign MOUs with the Belt and Road Initiative, then that would be the single most important thing to stabilize world peace and get the world into a different domain.”
[This article was commissioned for Strategic Culture Foundation and first published here.]
If you like this post and want to help us do more great work, then consider becoming either a monthly donor or just do a single donation below
Rising Tide Foundation
Help support our work.