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China Could Save the Eurozone, but at What Cost?
(eToro Blog) Following the E.U. news of an initial plan to resolve the Eurozone crisis, the relief felt in the world’s financial markets was almost palpable. The objective of the plan that pertains to the shoring up of the European Financial Stability Facility includes, among other things, creating a special purpose vehicle to attract and obtain private funding that would leverage the fund well beyond its original value. Enter China, a.k.a. the white knight. The world’s second largest economy and the driver of the world’s growth could play a major role as a contributor to the Eurozone’s emergency fund. ... (full story)