China Offers To Buy Greek Debt

China's Permier Wen Jiabao

China has offered to buy Greek bonds to show support for international relations. It’s nice to see China helping out after obtaining the position of the second largest economy. The China Post reports:

China offered on Saturday to buy Greek government bonds when Athens resumes issuing, in a show of support for the country whose debt burden pushed the eurozone into crisis and required an international bailout.

Premier Wen Jiabao made the offer at the start of a two-day visit to Greece, his first stop on a tour of Europe, and also said he wanted to boost shipping and trade ties with Athens, underscoring Beijing’s use of economic strength to win friends.

“With its foreign exchange reserve, China has already bought and is holding Greek bonds and will keep a positive stance in participating and buying bonds that Greece will issue,” Wen said, speaking through an interpreter.

“China will undertake a great effort to support eurozone countries and Greece to overcome the crisis.”

Wen and his Greek counterpart George Papandreou said in a statement the world’s nations need to coordinate their economic policies for global recovery to find a sure footing.

[continues at The China Post]

8 Comments on "China Offers To Buy Greek Debt"

  1. William Xavier McGarley | Oct 4, 2010 at 5:46 pm |

    Oh-oh. I’ve seen this come on before. “Hey there, darlin’, let me pick up the tab there for yah.” And from there it’s a downward spiral into unconsciousness, a set of stitches in a part of the anatomy you didn’t know could hold ’em, and a colostomy bag.

    Greece: You’ve been warned!

  2. William Xavier McGarley | Oct 4, 2010 at 1:46 pm |

    Oh-oh. I’ve seen this come on before. “Hey there, darlin’, let me pick up the tab there for yah.” And from there it’s a downward spiral into unconsciousness, a set of stitches in a part of the anatomy you didn’t know could hold ’em, and a colostomy bag.

    Greece: You’ve been warned!

  3. China: Taking over your world by buying your debt, and then eventually enslaving you through it.

  4. China: Taking over your world by buying your debt, and then eventually enslaving you through it.

  5. Haystack | Oct 5, 2010 at 1:26 am |

    This is a good thing. All Western countries should keep borrowing exorbitant amounts of money from China until we become like their Lehman Brothers, too big to fail. They’ll never be able to start a war because we’ll be able to destroy their economy just by cancelling our debts. *g*

  6. Haystack | Oct 4, 2010 at 9:26 pm |

    This is a good thing. All Western countries should keep borrowing exorbitant amounts of money from China until we become like their Lehman Brothers, too big to fail. They’ll never be able to start a war because we’ll be able to destroy their economy just by cancelling our debts. *g*

  7. Marssuit | Oct 5, 2010 at 2:17 pm |

    Only Disinfo users can be so pessimistic. I find this to be enlightening.

  8. Only Disinfo users can be so pessimistic. I find this to be enlightening.

Comments are closed.