Will China Help Save Europe?

There's been a lot of talk this week in China about whether it should swoop in to save the eurozone. Loading up on Italian debt is one possibility, which could keep Europe's overall bailout tab in check and boost market confidence. Another idea is to create an EU-China bond. Unlike an EU-only bond (a concept that hasn't gained traction among fuming Germans and Greeks), an EU-China bond would rope richer China into the deal by offering a better interest rate than it's getting on, say, U.S. Treasury bonds. And, backed by the heft of the German economy, the bond would offer a low-risk bargain for investment-savvy Beijing. Read More

Posted in: News