China sets out terms for supporting the Euro bail package

Saturday, October 29th 2011 - 10:49 UTC

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The European Union (EU)'s new bailout deal reached Thursday served a boost to global markets. China, as a major trade partner with the EU, welcomes its step to tackle the debt crisis and expects to enhance cooperation with the regional bloc for world economic recovery. Read full article

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fantazum2011
Europe has entered into a Faustian pact and the master of the agreement will seek an ever higher price through the erosian of trade tariffs and open access to markets that have traditionally been closely protected.
The Europeans have no idea of the ultimate cost they will pay for this agreement the greatest irony being that it will take from them the one goal upon which this irrational decision has been made.
Oct 29th, 2011 - 08:49 pm - Link - Report abuse 0
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Room101
Agreed.
Oct 30th, 2011 - 09:07 am - Link - Report abuse 0
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