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EUobserver understands that China already holds €6 bn to €8 bn of wobbly Greek debt (Photo: dolmansaxlil)

China shows interest in sponsoring EU bail-outs

With the eurozone short of money to prop up bad sovereign debt and with China keen to save its main export market from disaster, EU officials are exploring ways to involve the Asian giant in their anti-crisis fund, the EFSF.

No detailed proposals have been passed to Beijing at this stage, but Chinese diplomats understand from informal channels that two options are on the table: direct involvement in the EFSF via a special purpose investment vehicle (SPIV) or increased participation in ...

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

EUobserver understands that China already holds €6 bn to €8 bn of wobbly Greek debt (Photo: dolmansaxlil)

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Author Bio

Andrew Rettman is EUobserver's Foreign Affairs Editor. He has been writing about foreign and security affairs for EUobserver since 2005. He is Polish but grew up in the UK. He has also written for The Guardian, The Telegraph, and The Times of London.

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