tag:blogger.com,1999:blog-4388232715038499123.post1486921353823858772..comments2023-06-19T13:55:32.536+02:00Comments on European Economic Policy: China and the EuroShawn Donnellyhttp://www.blogger.com/profile/00442940186289314091noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4388232715038499123.post-64506282401481187922011-01-10T20:20:00.668+01:002011-01-10T20:20:00.668+01:00If you owe the bank € 100.000, you have a problem....If you owe the bank € 100.000, you have a problem. If you owe the bank € 100.000.000, the bank has a problem. <br /><br />The extent to which Chine "owns" countries like the US and Greece depends largely on whether the latter understand this simple truth. (And their ability to continue borrowing depends on whether China does.)<br /><br />In the mean time, one would have to be extremely optimistic to try to explain the Chinese behaviour purely in terms of expected (financial) return on investment.martinnedhttps://www.blogger.com/profile/15282998467090268537noreply@blogger.com