Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Daily Mail
Thursday, December 23, 2010

China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund.

In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China’s foreign exchange investments.

(ARTICLE CONTINUES BELOW)

Fresh humiliation for eurozone as China says it will bail out debt ridden nations 011210banner3

Stock up for the Holidays with eFoodsDirect and get FREE Shipping!

The country has already approached struggling European countries with financial aid, including offering to buy Greece’s debt in October and promising to buy $4billion of Portuguese government debt.

‘To have any discernible effect China will have to buy a lot more than 5billion euros if they expect to have any impact on the negative sentiment surrounding Europe,’ said Michael Hewson, currency analyst at CMC Markets.

Full story here.

This article was posted: Thursday, December 23, 2010 at 12:30 pm





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
Did Obama Order National Guard to Stand Down in Ferguson? See the rest on the Alex Jones YouTube channel.

Guccifer: Pennsylvania City to be Nuked Next Year See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.