BEIJING – The ritual is now familiar. European officials meet with Chinese leaders seeking assurances of help for the continent’s debt crisis. During smiling photo ops, the Chinese respond with the requisite promises to assist.
- Vaccine Education Summit
- Bitcoin Summit
- Ernie's Favorites
- THE R3VOLUTION CONTINUES
- "It's Not My Debt"
- Fascist Nation's Favorites
- Surviving the Greatest Depression
- The Only Solution - Direct Action Revolution
- Western Libertarian
- S.A.F.E. - Second Amendment is For Everyone
- Freedom Summit
- Declare Your Independence
- FreedomsPhoenix Speakers Bureau
- Wallet Voting
- Harhea Phoenix
- Black Market Friday
China will get involved “more deeply,” Premier Wen Jiabao said in mid-February, at a meeting in Beijing with a top-level European Union delegation. China will support the E.U. “in its own way,” said Vice President Xi Jinping, during a Feb. 20 visit to Ireland.
But behind those vague promises is reluctance by China to move too quickly, and put the country’s vast foreign exchange reserve holdings at risk. At work is a cold-headed calculation: Chinese economic policymakers currently don’t see a consensus in Europe as to what to do, and they don’t think that buying up euros, or more bonds of indebted E.U. countries, is a particularly safe bet.
Additional Related items you might find interesting:Related items:
News Link • Bitcoin
News Link • Corbett Report
News Link • 911 / World Trade Center
News Link • Economy - Economics USA
News Link • Transportation
News Link • Space Travel and Exploration
News Link • Ethereum Platform