With its recent financial woes having been under the spotlight for the world to see, it comes as no surprise that Greece would be looking for investment from outside.

To reach agreements with one of the world's largest economies regarding Foreign Direct Investment is something that even the wealthiest of nations would consider an achievement. In this instance, the huge economy in question is China's and a recent visit by the Chinese Prime Minister, Wen Jiabao, to Athens in October saw the two countries reach agreements over a range of matters. The deal is aimed at introducing new economic activity by encouraging new investments and supporting existing investments between the two nations and they aim to achieve this by improving and supporting cooperation between each other.

One way in which they aim to improve and encourage cooperation with each other is in the exchange of information regarding investment legislation, policy and opportunities for investment. It is hoped that this will make it easier for potential investors from both nations to make investments within each other.

It is hoped that these improved levels of cooperation will be achieved with seminars, exhibitions, meetings and the use of media such as the internet to illustrate opportunities for investment.

Throughout the five years that this memorandum will be in place, both sides will actively encourage investment in each others countries'.

In an address to the Greek Parliament on 3rd October, the Chinese Premier said that China could help Greece recover from its current difficulties through closer cooperation between the two nations, going on to give China's "vote of confidence" in Greece's recovery.