Ad
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 ...

Get EU news that matters

Back our independent journalism by becoming a supporting member

Already a member? Login here

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

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

Tags

Author Bio

Andrew Rettman is EUobserver's foreign editor, writing about foreign and security issues since 2005. He is Polish, but grew up in the UK, and lives in Brussels. He has also written for The Guardian, The Times of London, and Intelligence Online.

Ad

Related articles

Ad
Ad