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China to bailout EU?

Discussion in 'Political Discussion' started by Real World, Dec 23, 2010.

  1. Real World

    Real World Moderator Staff Member

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    Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    By Daily Mail Reporter
    Last updated at 4:03 PM on 23rd December 2010

    Chinese Premier Wen Jiabao offered to buy Greek bonds in October and the country has also agreed to buy out Portuguese debt
    China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund.

    In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments.

    The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4billion of Portuguese government debt.


    Fresh humiliation for euro zone as China says it will bail out debt-ridden nations | Mail Online
  2. PatriotsReign

    PatriotsReign Rookie

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    Good, I'd rather have China do it than the United States. And let's hope to God China puts stipulations upon the bailout if they accept it. Like spending caps, etc.
  3. IcyPatriot

    IcyPatriot ------------- PatsFans.com Supporter

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    #87 Jersey

  4. 363839

    363839 PatsFans.com Supporter PatsFans.com Supporter

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    As if we were in any position to bail any one out.

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