Despite Greece's 2011 Austerity Budget, A Financial Chill Deepens In Europe -- Christian Science Monitor
Greece passed a budget early Thursday with deep spending cuts, but investors will probably remain leery of lending to Greece and some of its indebted European peers.
As an unseasonable freeze settles over much of Europe, even the Continent's balmier southern climates are suffering. But their freeze relates to cash, not the cold.
Greece, the longest suffering of Europe's so-called PIGS – Portugal, Ireland, Italy, Greece, and Spain – approved an austere 2011 budget early Thursday that's in line with conditions imposed on it in exchange for a European Union and International Monetary Fund (IMF) bailout.
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More News On Europe's Financial/Debt Crisis
Fresh humiliation for eurozone as China says it will bail out debt-ridden nations -- The Daily Mail
China offers to help eurozone -- Deutsche Welle
China Ready to Help Europe Return to Economic Health -- Voice of America
China emerges as potential saviour for crisis-hit Europe -- Economic Times
China offers support to eurozone -- BBC
China Says Willing to Help Euro Zone Return to Health -- ABC News
Why China Won’t Save Europe -- The Source/Wall Street Journal
Beijing’s Christmas gift to Europe -- Reuters
Can China play Santa for the euro? -- CNN/Fortune
My Comment: A fool and his money will always soon part .... and in this case the Chinese are being very foolish.