Tuesday, September 28, 2010

China backs Greece, other debt-strained EU states

China gave its backing on Tuesday to efforts by European Union countries to tackle their debt problems.
Vice Foreign Minister Fu Ying said the debt strains facing a number of EU states would be on the agenda when Premier Wen Jiabao visits Belgium, Italy, Greece and Turkey next week.
"We have a positive attitude towards the actions taken by the European Union and IMF, and we have noted the many measures adopted by the Greek government," Fu told reporters. "We hope that Greece can recover from its present hardships." China has already extended a helping hand to Greece by agreeing to make substantial investments there. It was also a big buyer recently of Spanish government bonds.

News source: Reuters link: article

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