When US President Barack Obama sat down with his Chinese counterpart Hu Jintao last week, he faced the quandary raised in 2009, according to WikiLeaks, by his foreign relations chief Hillary Clinton: how a nation talks tough with its banker.
The euro crisis and resultant Chinese investment in European sovereign debt, partly in a bid to help shore up the single currency, means that several EU countries now have something else in common with Washington: China is their banker too.
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Already a member? Login hereAndrew 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.
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.