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]

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  • BlueRose

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

  • BlueRose

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

    • Hadrian999

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

      • warbear

        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

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

          • dumbsaint

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

          • Hadrian999

            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

        You answered it yourself it’s smart for THEIR economy :)

        • Hadrian999

          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

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

  • Hadrian999

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

  • warbear

    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.

  • allubarbosa

    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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  • Anonymous

    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.

    Motorcycle Parts

  • BlueRose

    You answered it yourself it’s smart for THEIR economy :)

  • BlueRose

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

  • Anonymous

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

  • Anonymous

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

  • jonsol69.blogspot.com

    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.

  • Guest

    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.

  • Hadrian999

    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

  • Hadrian999

    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.

  • Anonymous

    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…..

  • GoodDoktorBad

    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…..

  • Anonymous

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

  • Anonymous
  • Anonymous

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

    self catering cottages

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