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Thread: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

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    Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

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    By Daily Mail Reporter
    Last updated at 4:03 PM on 23rd December 2010

    China has said it is willing to bail out debt-ridden countries in the euro zone using its $2.7trillion overseas investment fund.
    In a fresh humiliation for Europe, Foreign Ministry spokesman Jiang Yu said it was one of the most important areas for China's foreign exchange investments.
    The country has already approached struggling European countries with financial aid, including offering to buy Greece's debt in October and promising to buy $4billion of Portuguese government debt.
    'To have any discernible effect China will have to buy a lot more than 5billion euros if they expect to have any impact on the negative sentiment surrounding Europe,' said Michael Hewson, currency analyst at CMC Markets.
    I like this, because eventually China will get in over its head. I remember when Japan got cocky with its new money, and got its lunch eaten for stupid investments.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    The Commies are going to take over the world, without firing a shot.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    No, no one has ever taken over the world, and several have tried and failed. I think this is a stupid move by China. Buying debt from the US is one thing; buy debt from Greece and Portagul is another.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by American View Post
    No, no one has ever taken over the world, and several have tried and failed. I think this is a stupid move by China. Buying debt from the US is one thing; buy debt from Greece and Portagul is another.
    While for the most part I agree with you, the US is about to reach a debt:GDP ratio of 1:1, which isn't good for our economic health at all.
    "And in the end, we were all just humans, drunk on the idea that love, only love, could heal our brokenness."

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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Well, they only bought four billion of Portugal's debt. I don't think such a small sum is something to worry about.
    I use a lot of satire and sarcasm so keep that in mind when reading my posts.

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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    It's only humiliation when you still see China as some sort of enemy.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
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    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by Deuce View Post
    It's only humiliation when you still see China as some sort of enemy.
    The Chinese see you as an enemy.

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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by apdst View Post
    The Commies are going to take over the world, without firing a shot.
    Do you mean that literally?

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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by Albert Di Salvo View Post
    The Chinese see you as an enemy.
    Obviously Deuce doesn't see it that way. Hypothetically, if China invaded tomorrow, Deuce would draw a map for lost Chinese soldiers and serve tea and cupcakes. They are allies after all. Or do I have that wrong?

    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Fresh humiliation for eurozone as China says it will bail out debt-ridden nations

    Quote Originally Posted by Ockham View Post
    Obviously Deuce doesn't see it that way. Hypothetically, if China invaded tomorrow, Deuce would draw a map for lost Chinese soldiers and serve tea and cupcakes. They are allies after all. Or do I have that wrong?

    I'll take the Chinese any day over American leftists.

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