Sunday, December 25, 2011

China's Role In European Bailout vs 2 Months Ago

I would be laughing if it wasn't so tragic...If you're wondering the depths of European desperation, as well as China's, consider the following stories are a mere two months apart. There was no way in hades that China was ever going to step up to the plate for Europe.

Oct 27, 2011:

China could play key role in EU rescue

http://www.ft.com/intl/cms/s/0/7505d210-00ba-11e1-8590-00144feabdc0.html#axzz1hcMBJbzc

December 25, 2011

China Insolvency Wave Begins As Nation's Biggest Provincal Borrowers "Defer" Loan Payments

http://www.zerohedge.com/news/china-insolvency-wave-begins-nations-biggest-provincal-borrowers-defer-loan-payments

Posted via email from htlkirkland's posterous

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