Piraeus the 19th century, after Athens' declaration as the capital of Greece. In the modern era, Piraeus is a large city, bustling with activity and an integral part of Athens, acting as home to the country's biggest harbour and bearing all the characteristics of a huge marine and commercial-industrial centre. The port of Piraeus is the chief port in Greece, the largest passenger port in Europe and the second largest in the world, servicing about 20 million passengers annually. With a throughput of 1.4 million TEUs, Piraeus is placed among the top ten ports in container traffic in Europe and the
Port of Piraeus the Greek government-debt crisis started in late 2009 the Greek government planned to privatize several state-owned assets. These assets are believed to be worth around 50 billion euros. One of these assets is the port of Piraeus. In October 2009 Greece leased docks 2 and 3 from PPA to the China Ocean Shipping (Group) Company (in short: COSCO) for a 35-year-period. For its presence at the port COSCO is paying 100 million euros every year. Terminal 1 is operated by PPA S.A. and has a capacity of nearly 1 million TEUs. Terminal 2's capacity is 3 million TEUs and is