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Eurozone Turns to China for Bailout Help

Eurozone representatives have met with Chinese officials to discuss the possibility of China investing in a fund to assist Eurozone countries facing high debt levels. No deal has been arranged as of yet according to latest reports and China has made it clear it expects iron-clad guarantees backing up any formal arrangement.

Klaus Regling, said he was “optimistic” that a “relationship” could be created that would see China investing in the Eurozone.

Source: BBC News [1]

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Scott Boyd

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