Eurozone seeks bailout funds from China
 

China will own the world lol

The head of the eurozone's bailout fund is beginning attempts to persuade China to invest in a scheme to help rescue member countries facing debt crises.

After meeting Chinese leaders, Klaus Regling said there were no formal negotiations and would be no deal now.

It is thought China may pay about 70bn euros ($100bn) into the fund, which is expected to be boosted to 1tn euros.

Meanwhile French President Nicolas Sarkozy said debt-ridden Greece's entry to the eurozone was a mistake.

Greece was "not ready" when it joined in 2001, he said, adding that it could be rescued thanks to a new deal on the debt crisis.

European leaders worked into the early hours of Thursday in Brussels to secure an agreement aimed at preventing the crisis from spreading to larger eurozone economies.

The deal triggered a worldwide shares rally.
'Regular buyer'

Beijing has made it clear that it will demand strong guarantees on the safety of any contribution it might make.

The rest here

http://www.bbc.co.uk/news/world-europe-15489202

I wish I had a crystal ball to see how all of this plays out 10 - 15 years from now.

The 5 trillion our federal reserve gave to EU banks was not enough? :helpme

what if they fuck out china at the end, who will pay that? :)

Well, that's what you can afford if you have enough extra cheap labor, don't have to care about pension system, ecology, intellectual property, work laws or political opposition.

Interesting times we live in.