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A friend in need
China has good reason to help bail out Europe, and without attaching strings. Premier Wen Jiabao suggested last month that a pledge of Chinese funds might depend on certain benefits, such as Europe granting the country "market economy" status. But as the biggest beneficiary of global trade, it is in China's interest to do whatever it takes to help the euro zone return to stability.In Images: Here is
China has good reason to help bail out Europe, and without attaching strings. Premier Wen Jiabao suggested last month that a pledge of Chinese funds might depend on certain benefits, such as Europe granting the country "market economy" status. But as the biggest beneficiary of global trade, it is in China's interest to do whatever it takes to help the euro zone return to stability.In Images: Here is
Greek debt deal ignites global market rally
EU armtwists banks for 50% haircut on Athens’ bonds, US equities see biggest monthly rally since 1987.
EU armtwists banks for 50% haircut on Athens’ bonds, US equities see biggest monthly rally since 1987.
EU leaders brace up to chart 'final' package
As European Union leaders gathered in the Belgian capital once again this evening, the focus of their negotiations would be on what has widely been billed as the “final package” of
Sarkozy yields on ECB crisis role, pressure on Italy
European Union leaders made some progress towards a strategy to fight the euro zone's sovereign debt crisis on Sunday, nearing agreement on bank recapitalisation and on how to leverage their rescue
European Union leaders made some progress towards a strategy to fight the euro zone's sovereign debt crisis on Sunday, nearing agreement on bank recapitalisation and on how to leverage their rescue
Sarkozy backs down on ECB role, little progress at summit
French President Nicolas Sarkozy backed down on Sunday in the face of implacable German opposition to demands to use unlimited European Central Bank funds to fight the euro zone's deepening sovereign
French President Nicolas Sarkozy backed down on Sunday in the face of implacable German opposition to demands to use unlimited European Central Bank funds to fight the euro zone's deepening sovereign
Hanging on
France and Germany have ridiculously split the European Union summit in two. Disagreements between the two countries have become so intense that they were forced delay their much-ballyhooed
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