Greece goes bankrupt this month? 9/15/2011 15:16
貌似很有可能。

大家的意见如何?
What price a Chinese rescue of Europe?

http://citywire.co.uk/money/what-price-a-chinese-rescue-of-europe/a524261

It’s rather embarrassing for Europe really. Their own leaders having been unable to find a way out of their funding crisis, other frustrated politicians are stepping forward instead.

Brazil’s outspoken finance minister Guido Mantega says the BRIC nations can help, while US treasury secretary Tim Geithner has come up with his own action plan.

But the outspoken Brazilian is not being taken too seriously, while Europe certainly can’t expect any real help from the indebted US: Geithner represents a country whose economic firepower is slowly being exhausted.

Instead, befittingly of the slow shift in power from west to east, Europe’s best hope lies with China where officials have offered to lend a ‘helping hand’.

Why would China want to rescue an emaciated eurozone?

As an investment, it stinks. For the kind of risk you get with European bonds – be they Italian or otherwise – you can get better returns elsewhere.

But China has an obvious vested interest in preventing a collapse in Europe, its biggest trading partner. China of course needs to protect its own economy and exporting companies, as it has never been shy of doing. So it's a financial investment.

But it’s also a political one, for two reasons. First off, China, eyeing the economic superpower status that is within its reach, is slowly expanding its ‘soft power’. It’s been doing this in its own backyard, among the Asean group of South east Asian nations, for a while. But a weak Europe – and US – offer China the opportunity to start being seen to shoulder some of the responsibilities that a superpower should be seen to be taking on – or develop a 'global conscience' as it has been described.

But as well as the ‘softer’ implications, Chinese Premier Wen Jiabao has taken the opportunity to make some tougher demands: first, indebted developed countries must ‘put their own houses in order’.

Second, he wants the EU to recognise China as a full market economy, something China has long pushed for, but which the EU, like the US, isn’t expected to budge on due to China’s state interference in the economy among other things.

There have also been suggestions in state-run Chinese media that EU ends its arms embargo on China in exchange for help. Consensus on a full-scale rescue for the eurozone will likely come well before agreement among EU member states on lifting the arms embargo.

These are tired old requests from China, ones that even an enfeebled Europe won’t give in to – yet.

Besides, China isn’t really giving anything in return. According to reports, when Chinese officials say they are using their vast reserves to buy European bonds, what they mean are safe German bunds, not the peripheral scrap.

So nothing is being accomplished by either party, except another symbolic shift in the balance of power, where China stands stronger besides a fatigued old Europe.
Himalaya at 9/15/2011 15:55 快速引用
是不是货币要贬值了?可以去旅游?
ilazxfe at 9/15/2011 16:06 快速引用
ilazxfe :
是不是货币要贬值了?可以去旅游?


It is definately lot cheaper to travel to europe than go back to China for us.

Enjoy the trip! Laughing
Himalaya at 9/15/2011 16:20 快速引用
Big Ben today announces that he will print more USD and lends it to EU to bail out banks there.

I think it won't take very long for Big Ben to own everything on this planet.
xiaoqiang at 9/15/2011 16:25 快速引用
为啥股市在涨呢?大家都不关心欧洲危机了? confused

xiaoqiang :
貌似很有可能。

大家的意见如何?
MorningMoon at 9/15/2011 18:33 快速引用
MorningMoon :
为啥股市在涨呢?大家都不关心欧洲危机了? confused

xiaoqiang :
貌似很有可能。

大家的意见如何?


因为已经有人抢着买单了!包括中国在内。 Laughing 所以说没啥好操心的。
Himalaya at 9/15/2011 19:18 快速引用
为啥中国要抢着买单。 天啊 天啊 当然没啥好操心的,反正天要塌下来我也顶不住。 Laughing Laughing

Himalaya :
MorningMoon :
为啥股市在涨呢?大家都不关心欧洲危机了? confused

xiaoqiang :
貌似很有可能。

大家的意见如何?


因为已经有人抢着买单了!包括中国在内。 Laughing 所以说没啥好操心的。
MorningMoon at 9/15/2011 19:23 快速引用
MorningMoon :
为啥中国要抢着买单。 天啊 天啊 当然没啥好操心的,反正天要塌下来我也顶不住。 Laughing Laughing

Himalaya :
MorningMoon :
为啥股市在涨呢?大家都不关心欧洲危机了? confused

xiaoqiang :
貌似很有可能。

大家的意见如何?


因为已经有人抢着买单了!包括中国在内。 Laughing 所以说没啥好操心的。


牛 狂笑 That's funny!
Himalaya at 9/15/2011 19:57 快速引用
Himalaya :
ilazxfe :
是不是货币要贬值了?可以去旅游?


It is definately lot cheaper to travel to europe than go back to China for us.

Enjoy the trip! Laughing


Unless you have the guts of sommer33. I do not suggest you to go into a country could soon turn into social turmoil.

But I could be mis-judging another courageous lady, again.
Bono at 9/15/2011 22:02 快速引用
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