Via Scoop.itThe Great Transition

“Recent media reports put a lot of emphasis on the role China could play in assisting to resolve the eurozone debt crisis. In our view, however, hopes pinned on China might be overdone. The amount needed when looking at estimated refinancing needs for 2012 is huge, amounting to EUR 730 bn for the GIIPS countries. Even if China were willing to increase its investments in euro assets a realistic number would be around EUR 150 bn for 2012.”  
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