China considering help for Europe

Germany's Angela Merkel is in China this week and signs are emerging her trip may pay off in support for the euro

3rd February, 2012
China considering help for Europe
China is “investigating and evaluating ways, through the IMF, to be more deeply involved in solving the European debt issue.”

China supports European efforts to stabilise the euro and is looking into how it can help resolve the region’s debt crisis, Chinese Premier Wen Jiabao said at a briefing yesterday with German Chancellor Angela Merkel.

Wen said solving the European debt crisis was “urgent,” and called for greater international cooperation.

“China is also considering more participation” in those efforts via the European Financial Stability Facility and the European Stabilization Mechanism, he...

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