China to Expand Funding to Resolve Euro Zone Debt Crisis

Write : 2012-02-03 12:39:31 Update : 2012-02-03 14:44:47

China to Expand Funding to Resolve Euro Zone Debt Crisis

China has expressed its intent to support funding for bailing out cash-strapped euro zone nations.

Chinese Prime Minister Wen Jiabao stressed the urgency of resolving the euro zone fiscal crisis after holding a summit with German Prime Minister Angela Merkel in Beijing.

China also announced that it is working to expand intervention in resolving the euro zone debt crisis through the European Financial Stability Facility and Euro Stability Mechanism scheduled to be launched soon.

However, the country refrained from announcing concrete plans, leaving the possibility open that the recent announcement could just end in rhetoric.

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