China Could Play Key Role In EU Rescue -- Financial TimesChina is very likely to contribute to the eurozone’s bail-out fund but the scope of its involvement will depend on European leaders satisfying some key conditions, two senior advisers to the Chinese government have told the Financial Times.
Any Chinese support would depend on contributions from other countries and Beijing must be given strong guarantees on the safety of its investment, according to Li Daokui, an academic member of China’s central bank monetary policy committee, and Yu Yongding, a former member of that committee.
Read more ....
Update: EU bailout fund chief visits China -- Breitbart/AFP
My Comment: A Chinese contribution will be contingent on receiving European support on monetary issues against the U.S.. The Americans have been issuing threats on China's low renminbi policy .... threats that will (probably now) not be supported by Europe.
Yup .... he who has the gold also makes the rules. And in this crisis .... China is in an excellent position to make the rules.