Beijing help EU

May 10, 2010 7:28pm CST
China will give $1 trillion rescue package to help Greek sovereign debt crisis spreading in Eu. yell, good China, it is bigger country now. what is your opinions, do you agree with me? and do China do the right thing?
1 response
@skysuccess (8858)
• Singapore
11 May 10
sinokirin, I am sorry to throw in the wet towel on your baseless and short lived joy here. For sure, China is not giving out that $1 trillion, China is only supporting IMF's decision to rescue Greece from its current predicament. There are really quite a lot of consequences following this collapse in Greece, one of which is the European Community's (EC) common currency, the Euro. I am not going to be judgmental here but the world is not out of this current economic storm and it is serving a grave warning to the current vibrant Asian community. The US and Europe have failed miserably due to their oversight, careless and negligence in dispensing their duties as wealth caretakers of their countries which has caused this catastrophe. I just hope that China, the current economic leader and power would not follow the footsteps of these careless predecessors and let her country suffer. I hope that you will get your facts right and sorted, as this may cause much misunderstanding and some scoldings. Take care. Ref: