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China Will Save The Eurozone

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Could it be only six weeks ago that Ireland had to accept an EU/ECB and IMF bailout?
If you were away from the market for a few weeks and had no idea what was going on, you could be forgiven for asking "What debt crisis?"
The euro is comfortably above €1.30 to the US dollar and, despite recent falls, more than 12% above the low reached at the peak of the Greek debt crisis. So can we all sleep soundly at night safe in the knowledge that the eurozone has avoided collapse and the debt problems of the peripheral nations are safely contained?
Well, the answer might be yes. Right now China's vice-premier Li Keqiang is visiting Europe and could be the knight in shining armour that the currency bloc needs.
He is also helpfully bringing with him billions to buy up Spanish debt. Li Keqiang made a forceful defence of Spain at the start of his visit during an interview with a Spanish newspaper, saying China is a responsible long-term investor who has confidence in Spain's financial market.
These are soothing words for the Iberian nation

Beware of Chinese bearing gifts? Who you borrow from owns you. :ph34r:

Edited by Realistbear

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Li Ker-Ching? Definitely a knight in shining armour with a name like that.

Edited by blobloblob

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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