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Ireland bullied by EU. China is our answer to crisis.

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Mammysirishstew

Sceala Philosopher
Location: Carlow






Sceala Irish Craic Forum Discussion:     Ireland bullied by EU. China is our answer to crisis.

Why are Portugal and other EU nations being allowed to organize private deals with China. When Ireland was bullied to take a EU/IMF bailout. Like Kerrin Said about that Irish central bank boss, he was working for the EU/IMF, not us.
Patrick Honohan role in the bail out crisis
I am just a self employed builder, but weeks ago even I thought Ireland should have gone direct to China and arranged our own crisis loan.
Loan is for foreign bond holders of Anglo Irish Bank
China is the most powerful economic nation on earth. The Chinese want guaranteed food supplies, Ireland is able to produce lots of spare foods.
Why couldn't Lenihan and Cowen see the China option for this crisis. What is as worrying, no one from Fine Gael or Labour were remotely suggesting China either.
We have economic glove puppets all in the pockets of the EU. Portugal and Greece obviously have been talking direct to China.
So our politicians can have no excuses.

The EU is corrupting, the leaders talk and think a lot more powerful than their reality, and it is not good for Ireland to be locked into this charade. China is warning that even the EU latest gambles are going to fail.

China's commerce minister has warned about measures being taken in Europe to fix the zone's debt crisis.
China's commerce minister has warned that measures being taken in Europe to fix the zone's debt crisis are 'turning an acute disease into a chronic one'.
The comments from Chen Deming, reported in State media, come after China said this week it supported measures taken by the EU and the International Monetary Fund to ensure financial stability in the euro zone and pledged to buy government debt.
But Chen said the 750 billion rescue fund set up for EU countries struggling under mountains of debt as well as ongoing bond sales would not resolve the crisis.
'It's hard to say if the nations mired in the debt crisis can recover in three to five years,' Chen was quoted saying in the Shanghai Securities News. He also warned that China must closely watch the development of the crisis, particularly in January and February.
Earlier this week, Chen told reporters on the sidelines of Sino-EU trade talks in Beijing that China was 'very concerned about whether the European debt crisis can be controlled'.

China saving the EU
Foreign ministry spokeswoman Jiang Yu yesterday repeated China's backing to euro zone countries and said Europe would be a 'major market' for investment of Beijing's massive foreign exchange reserves. But he refused to comment on specifics about how Beijing would invest in Europe.
China has pledged to buy bonds from Greece and Portugal but it has not yet made any concrete commitments on the size of its investment.
A report in Portuguese newspaper Jornal de Negocios said on Wednesday that China was ready to buy up to 5 billion of Lisbon's sovereign bonds.

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