Saturday, June 19, 2010

Beijing Muscles Its Way Into Europe (Via Through Greece)

Greek prime minister George Papandreou welcomes Chinese vice-premier Zhang Dejiang prior to their talks in Athens Photo: AFP/Getty Images

Beijing's Greek Deal A Wake-Up Call For EU -- Sydney Morning Herald

CHINA'S forceful intervention in the Greek debt crisis this week has given harassed European Union leaders a sharp reminder of the challenges posed by Beijing's relentless pursuit of global interest and influence.

What was seen in Athens as a potential financial lifeline was, for others, a troubling sign of a future made in China.

Read more ....

My Comment: The German's commit hundreds of billions to the stabilization of the Greek financial crisis .... and they get spat upon by Greeks.

The Chinese make a few small trade and financial deals worth a few billion dollars but with strings attached (More on these trade deals here).... and they are heralded as saviors.

Am I the only one who sees something wrong with this picture?

1 comment:

WNU Editor said...

That's so true. I enjoy driving German cars, but my Russian relatives think I am crazy and should be shot for treason.