Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Latest topics
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
China delays investing in euro rescue fund I_icon_minitimeYesterday at 6:02 am by Ditartyn

» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
China delays investing in euro rescue fund I_icon_minitimeSat Mar 23, 2024 9:25 am by swizzlestick

» ZIGPLACE
China delays investing in euro rescue fund I_icon_minitimeWed Mar 20, 2024 6:29 am by Zig

» CBD Vape Cartridges
China delays investing in euro rescue fund I_icon_minitimeThu Mar 07, 2024 2:10 pm by Arendac

» Classic Tony is back
China delays investing in euro rescue fund I_icon_minitimeTue Mar 05, 2024 2:53 pm by Mission1st

» THE MUSINGS OF A MADMAN
China delays investing in euro rescue fund I_icon_minitimeMon Mar 04, 2024 11:40 am by Arendac

»  Minister of Transport: We do not have authority over any airport in Iraq
China delays investing in euro rescue fund I_icon_minitimeMon Mar 04, 2024 11:40 am by Verina

» Did Okie Die?
China delays investing in euro rescue fund I_icon_minitimeMon Mar 04, 2024 11:34 am by Arendac

» Hello all, I’m new
China delays investing in euro rescue fund I_icon_minitimeWed Jan 31, 2024 8:46 pm by Jonny_5

» The Renfrows: Prophets for Profits, Happy Anniversary!
China delays investing in euro rescue fund I_icon_minitimeWed Jan 31, 2024 6:46 pm by Mission1st

» What Happens when Cancer is treated with Cannabis? VIDEO
China delays investing in euro rescue fund I_icon_minitimeWed Jan 31, 2024 8:58 am by MadisonParrish

» An Awesome talk between Tucker and Russell Brand
China delays investing in euro rescue fund I_icon_minitimeWed Jan 31, 2024 12:16 am by kenlej

» Trafficking in children
China delays investing in euro rescue fund I_icon_minitimeMon Jan 29, 2024 7:43 pm by kenlej

» The second American Revolution has begun, God Bless Texas
China delays investing in euro rescue fund I_icon_minitimeMon Jan 29, 2024 6:13 pm by kenlej

» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
China delays investing in euro rescue fund I_icon_minitimeSun Jan 28, 2024 3:28 pm by Mission1st

» Tucker talking Canada
China delays investing in euro rescue fund I_icon_minitimeWed Jan 24, 2024 6:50 pm by kenlej

» Almost to the end The goodguys are winning
China delays investing in euro rescue fund I_icon_minitimeMon Jan 22, 2024 9:03 pm by kenlej

» Dinar Daily Facebook Page
China delays investing in euro rescue fund I_icon_minitimeMon Jan 22, 2024 3:34 pm by Ponee

» The Fundamentals of Finance and Pimpy Live
China delays investing in euro rescue fund I_icon_minitimeThu Jan 18, 2024 7:17 am by Dinarhater

» Why Won't the Iraqi Dinar Scam Die?
China delays investing in euro rescue fund I_icon_minitimeWed Jan 17, 2024 5:19 pm by RamblerNash

China delays investing in euro rescue fund

Go down

China delays investing in euro rescue fund Empty China delays investing in euro rescue fund

Post by silkysand Thu Nov 03, 2011 5:01 pm

Iraq Sun
Thursday 3rd November, 2011




• China will not invest until Greek referendum crisis resolved
• Greek referendum throwns entire debt plan into disarray

• EFSF forced to cancel 3 billion euro bond sales

China delays investing in euro rescue fund 0906ccb45399ff05
China's deputy finance minister has indicated the world's second-largest economy will not make any contribution to the European rescue fund until the new crisis is resolved.

It had been expected that China might announce significant investment in the European rescue fund at the G20 summit, but Chinese leaders have refused to make any move until the Greek situation has been clarified.

"The fund has not established details of its investment options so we still can't talk about the issue of investing," Chinese Deputy Finance Minister Zhu Guangyao said.

European leaders had hoped China would inject capital into the region's struggling financial markets after they pledged to boost the capacity of the European Financial Stability Fund EFSF to 1 trillion euros.

Klaus Regling, the chief executive of the EFSF, last week travelled to Beijing in a bid to persuade the country's leaders to invest in the fund.

But, like Europe, China has been taken by surprise with the Greek announcement of a referendum on further austerity measures, a move that has thrown the entire European debt agreement into chaos.

"Like our European friends, we did not expect [the call for a] Greek referendum," Zhu said on the sidelines of the G20 summit.

"It was an independent decision taken by Greece. I hope this period of uncertainty will be contained," he added.

The French and German leaders have both called on Greece to decide whether it wants to remain in the eurozone, insisting that such instability cannot be tolerated.

Greece's call for a referendum has already resulted in the EFSF being forced to cancel bond sales targeted at raising 3bn euros
silkysand
silkysand
VIP NewsHound
VIP NewsHound

Posts : 1645
Join date : 2011-08-09

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum