Tuesday, November 8, 2011


The eternal debt crisis threatens to keep Europe indefinitely in the recession, the uncertainty and instability. In the midst of this economic storm, some have looked to China in search of solutions. Could the Asian giant to help out in Europe? China being the banker to the world, Will you be ready to support European institutions and banks?

Unless major surprise in the coming days, the answer seems to be "no." On 2 November, before the G-20 begins this Friday, President Hu Jintao met with his counterpart Nicolas Sarkozy in the city of Cannes. While affirming that the recovery of the European Union is fundamental to the global economy, Hu Jintao also said that Europe's economic problems should be solved primarily by themselves.

Much clearer was a few days ago Cheng Siwei, vice chairman of Standing Committee of National Congress. On 30 October, in an interview in New York by the newspaper 21st Century Business Herald Cheng Siwei said that China could be the "save heroically" ni ni the United States and Europe that could be put on in China "hopes too unreal." According to him, he Gross Domestic Product of China in one part are too big for the world economy (less than 10% of it) and he giant Asian "Tien limits."

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