Reply #62: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

[Demeter]

http://www.dailymail.co.uk/news/article-1341110/Fresh-humiliation-euro-zone-China-says-bail-debt-ridden-nations.html

...China's astonishing economic growth has put it on track to overtake America as the world's economic powerhouse within two years, a recent report claimed.

But experts believed still be some years before America's leadership role is really challenged - largely because Beijing has given no indication it is ready to take on the responsibility of shepherding the world' economy.
Protest: Strikers carrying placards demonstrate outside the Greek Parliament in Athens. Greece is among a number of EU countries struggling financially. This foray into the future of the euro could be a signal from Beijing that it is ready to change that perception.

The euro rose temporarily on the news of China's support - but was sinking again this morning to a three-week low against the dollar...


Read more: http://www.dailymail.co.uk/news/article-1341110/Fresh-humiliation-euro-zone-China-says-bail-debt-ridden-nations.html#ixzz19APAzcYK