There is always a price for promises you don't keep!
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Would China come to rescue for euro crisis?
At the second eurozone summit in just four days that lasted well into Thursday morning, European leaders failed again to deliver a convincing and definitive rescue package designed to prevent the eurozone debt crisis from further spiraling, analysts said. Hopes that China and other emerging economies might come to the rescue prompted a sense of deja vu. However, some experts urged caution as they said the summit deal might prove a hard sell to potential participants in the package. Under a plan agreed by the eurozone leaders on Thursday morning, Greece's debt will be reduced, European banks will be recapitalized, and ... (full story)
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