China Vows To Help European Debt Crisis

2010 had Greece and Ireland receiving financial help from the Internatioanl Monetary Fund and Eurozone nations. 2011 has Spain, Germany and Britain finding help from Chinese investors as Vice Premier Li Keqiang began his European tour. Via The Jakarta Globe:

Chinese Vice Premier Li Keqiang backed Europe in its sovereign debt battle on Wednesday, starting a three-nation tour by promising to buy more Spanish government bonds.

Li, widely tipped to be the next premier, delivered a significant vote of confidence given China’s world record foreign reserves of 2.648 trillion dollars (2.0 trillion euros), much of it in euros.

On his visit to Spain, Germany and Britain he is supporting Europe’s recovery efforts and seeking to soothe global market fears of a debt quagmire spreading from Greece and Ireland to Portugal and even Spain.

[Continues at The Jakarta Globe]

27 Comments on "China Vows To Help European Debt Crisis"

  1. When China is bailing people out the end must be near ….

  2. BlueRose | Jan 5, 2011 at 8:12 pm |

    When China is bailing people out the end must be near ….

    • Hadrian999 | Jan 5, 2011 at 10:24 pm |

      why is that? they have a money surplus and it’s smart long term for their economy

      • its hard to see past all the red and gold history of china for most people. they are a fledgling superpower. they are where the US was in the late 19th century and on, but now its impractical to be militarily imperialistic, but economically imperialistic….that much safer.

        • BlueRose | Jan 6, 2011 at 9:01 am |

          The entire idea of the United States was freedom, that isn’t that case with China.

          • dumbsaint | Jan 6, 2011 at 9:37 am |

            Is that the same freedom loving country that’s incarcerating 25% of the entire world’s prison population?

          • Hadrian999 | Jan 6, 2011 at 4:59 pm |

            that was only the cover story. most if not all of our actions were about control not freedom, ww2 wasnt about freedom it was about economic and manufacturing dominance, our actions in the cold war were much the same support of the shah then saddam weren’t about freedom, nor was our support for the proto talaban in Afghanistan or fascist dictators in south and central America, or the fbi surveillance of antiwar groups. feel free to dislike the Chinese government but don’t pretend the us government is any better

      • BlueRose | Jan 6, 2011 at 9:00 am |

        You answered it yourself it’s smart for THEIR economy 🙂

        • Hadrian999 | Jan 6, 2011 at 5:06 pm |

          it is not the fault of the chinese that so many western governments are totally incapable of managing their resources in a sustainable way. while their investment in propping up failing governments may be bad in the long term for those countries it is the fault of those governments and I don’t see much chance of people correct themselves in the near term.

    • GoodDoktorBad | Jan 7, 2011 at 1:26 am |

      Stupid attitudes like that mark the end that is near…..

  3. Hadrian999 | Jan 6, 2011 at 2:24 am |

    why is that? they have a money surplus and it’s smart long term for their economy

  4. its hard to see past all the red and gold history of china for most people. they are a fledgling superpower. they are where the US was in the late 19th century and on, but now its impractical to be militarily imperialistic, but economically imperialistic….that much safer.

  5. Anonymous | Jan 6, 2011 at 9:51 am |

    This opens the risk of “financial stress”, price increases make it increasingly costly to raise funds for the state, Moody’s Investors Service warned last month.

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  6. allubarbosa | Jan 6, 2011 at 5:51 am |

    This opens the risk of “financial stress”, price increases make it increasingly costly to raise funds for the state, Moody’s Investors Service warned last month.

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  7. BlueRose | Jan 6, 2011 at 1:00 pm |

    You answered it yourself it’s smart for THEIR economy 🙂

  8. BlueRose | Jan 6, 2011 at 1:01 pm |

    The entire idea of the United States was freedom, that isn’t that case with China.

  9. Anonymous | Jan 6, 2011 at 1:37 pm |

    Is that the same freedom loving country that’s incarcerating 25% of the entire world’s prison population?

  10. Anonymous | Jan 6, 2011 at 1:37 pm |

    Is that the same freedom loving country that’s incarcerating 25% of the entire world’s prison population?

  11. jonsol69.blogspot.com | Jan 6, 2011 at 4:59 pm |

    That red, white and blue, dreams,
    For some, that was, now nightmare.
    The bankster’s corporate red dragon,
    From nightmare threatens reality.

    The troughs of the rotten swine,
    Will pennies drop for the people,
    While tax hungry rank states,
    Thieve from near empty plates.

    What can it give, with soiled law taken,
    While insane top hatted Gepetto,
    Pulls strings, blue, red and green,
    For voters who dare a free, just dream.

    – Jon Solis.

  12. That red, white and blue, dreams,
    For some, that was, now nightmare.
    The bankster’s corporate red dragon,
    From nightmare threatens reality.

    The troughs of the rotten swine,
    Will pennies drop for the people,
    While tax hungry rank states,
    Thieve from near empty plates.

    What can it give, with soiled law taken,
    While insane top hatted Gepetto,
    Pulls strings, blue, red and green,
    For voters who dare a free, just dream.

    – Jon Solis.

  13. Hadrian999 | Jan 6, 2011 at 8:59 pm |

    that was only the cover story. most if not all of our actions were about control not freedom, ww2 wasnt about freedom it was about economic and manufacturing dominance, our actions in the cold war were much the same support of the shah then saddam weren’t about freedom, nor was our support for the proto talaban in Afghanistan or fascist dictators in south and central America, or the fbi surveillance of antiwar groups. feel free to dislike the Chinese government but don’t pretend the us government is any better

  14. Hadrian999 | Jan 6, 2011 at 9:06 pm |

    it is not the fault of the chinese that so many western governments are totally incapable of managing their resources in a sustainable way. while their investment in propping up failing governments may be bad in the long term for those countries it is the fault of those governments and I don’t see much chance of people correct themselves in the near term.

  15. Anonymous | Jan 7, 2011 at 5:23 am |

    Considering they make up one-sixth of the world population, I would say, all things considered, they deserve bigger piece than they used to get.
    The world owes alot to the Chinese…..

  16. GoodDoktorBad | Jan 7, 2011 at 1:23 am |

    Considering they make up one-sixth of the world population, I would say, all things considered, they deserve bigger piece than they used to get.
    The world owes alot to the Chinese…..

  17. Anonymous | Jan 7, 2011 at 5:26 am |

    Stupid attitudes like that mark the end that is near…..

  18. Anonymous | Apr 4, 2011 at 1:00 pm |

    FBI surveillance of antiwar groups. welcome to enjoy the Chinese government, but does not claim that our government is not better

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Comments are closed.