» » Europe's Debt And Financial Crisis Continues, But China Is Willing To Help

Europe's Debt And Financial Crisis Continues, But China Is Willing To Help



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 Zon

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