China, please don't help these lazy bastards. Why should China loan them their hard earned money? There is a reason why Rommel thought the Italians were lazy, pathetic, incompetent half wits. Get back to work, lazy POS's..... http://www.ft.com/cms/s/0/90c4c7f6-dd54-11e0-9dac-00144feabdc0.html#ixzz1XpE87875 Italyâs centre-right government is turning to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making âsignificantâ purchases of Italian bonds and investments in strategic companies. According to Italian officials, Lou Jiwei, chairman of China Investment Corp, one of the worldâs largest sovereign wealth funds, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italyâs Cassa Depositi e Prestiti, a state-controlled entity that has established an Italian Strategic Fund open to foreign investors. Italian officials were in Beijing two weeks ago to meet CIC and Chinaâs State Administration of Foreign Exchange (Safe), which manages the bulk of Chinaâs $3,200bn foreign exchange reserves. The possibility of Chinese investment comes at a critical moment for Italy, as markets demand increasingly high yields to buy Italian public sector debt, projected to reach 120 per cent of GDP this year, a ratio second only to Greece in the eurozone. Mr Tremonti has written extensively in the past about his fears of Chinaâs âreverse colonisationâ of Europe.
ECB don't want to buy italian papers? germans, not interested? if chinese are smart they will wait few years and buy italian real estate, land, firms, etc. when its AFTER the huge meltdown at 20-30 cents on current 1 euro...... who with sane mind would buy it just before the collapse?
It might be interesting to know what would Rommel think about the italians that buy BMW, Audi, Mercedes and other german stuff. On the other hand, let's hope that the italians in the process of buying a new car do not remind Rommel's ideas
germans will be happy to finance happy, harm free greek living for decades to come. if not, greeks will have nothing to eat. its called "social justice".
Perhaps a bit of that would not be a bad thing. "No work, no eat" sounds like a sound philosophy to me.
But going back to subject, China helping Italy: that was a lie made up by the Financial Times. So the question for you is: will you ever stop believing the bullshit pushed by english newspapers ?