Inside the News: China needs assurance from EU heads: Lloyds

[MultiAlpha111]

Chinese premier WenJiabao made it very clear, The deal is that give China 'full market status' right now, then EU can have Chinese cash in return, otherwise forget about it.

[apagoogoo]

china, eh? well, brazil said no. china has cleverly hidden their national debt by transferring much of their cost burdens to municipalities, most of whom are running huge deficits. so it appears as though they can afford to buy efsf bonds, but really they can't. unless they'd rather support europeans than their own people. and who's to say they wouldn't; i guess we'll see.

[hotmail2101]

@apagoogoo when they have debt, they dun ask bail out from other countries. they USE their OWN money 2 bail out n prop their banks.