China Euro Bailout Plea
Published / Last Updated on 27/10/2011
China Euro Bailout Plea.
The head of the eurozone’s bailout fund is trying to persuade China to invest in a scheme which will help rescue member countries facing debt crises.
It is thought that China could pay about 70bn euros ($100bn) into the fund, which is expected to be boosted to 1tn euros. Beijing has made it clear that it will insist on strong guarantees on the safety of any contribution it might make.