HIGH above the sparkling surface of the Athens coastline, the cranes for building the 50-floor luxury tower centerpiece of Greece's future "smart city" look out over the Saronic Gulf. At their feet, construction machinery stirs up dust.

The 8-billion-euro ($8.5-billion) project financed by private funds is, according to its backers, a symbol of Greece's renaissance after the years of financial stagnation that saw investors flee the country.

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