Chinese Prime Minister Wen Jiabao (R) during a visit to the Acropolis with Greek Prime Minister George Papandreou in October. DPACapitalizing on the Euro Crisis: China Expands Its Influence in Europe -- Spiegel Online
China is seizing on Europe's debt problems to expand its influence on the continent with large-scale investments and purchases of government bonds issued by highly-indebted states. The strategy could push Europe into the same financial dependency on China that is posing a dilemma for the US.
Portugal's cavalry staged a magnificent parade to welcome Chinese President and Party General Secretary Hu Jintao, 67. Suddenly, one of the horses reared up and threw its rider to the ground. The state guest from China waited motionless until the end of the ceremony before he went to the fallen cavalryman, embraced him, and asked if he was all right.
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My Comment: Money talks, and for the moment China has a lot of it. Expect Europe to "kow-tow" to Chinese "political demands" in the near future.
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