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Hu (l) and Sarkozy in Cannes. Economist Xie said: 'Chinese people work much harder than Europeans and are paid one tenth as much. It is morally wrong for China to aid such people' (Photo: diplomatie.gouv.fr)

China and India pull back from EU after Greek surprise

China and India have indicated that the Greek referendum will make it harder for them to put their money into eurozone rescue schemes.

Chinese President Hu Jintao told French leader Nicolas Sarkozy at the G20 summit in Cannes on Wednesday (3 November) the EU should go it alone. "It is mainly up to Europe to resolve the European debt problem ... We believe Europe has all the necessary wisdom and the capability to resolve the debt problem," he said, according to the Xinhua news agency.

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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.

Hu (l) and Sarkozy in Cannes. Economist Xie said: 'Chinese people work much harder than Europeans and are paid one tenth as much. It is morally wrong for China to aid such people' (Photo: diplomatie.gouv.fr)

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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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