Italy requests aid of the Chinese cavalry

Discussion in 'Economics' started by Grandluxe, Sep 13, 2011.

  1. 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.....

    Italy’s centre-right government is turning to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making “significant” purchases of Italian bonds and investments in strategic companies.

    According to Italian officials, Lou Jiwei, chairman of China Investment Corp, one of the world’s largest sovereign wealth funds, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italy’s 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 China’s State Administration of Foreign Exchange (Safe), which manages the bulk of China’s $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 China’s “reverse colonisation” of Europe.
  2. 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?
  3. Cavalry say no.
  4. C6H12O6


    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 :D
  5. Yeah... But to be fair, the Germans think that way about everybody who isn't German. :p
  6. 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".
  7. Who isnt west German.
  8. Perhaps a bit of that would not be a bad thing.

    "No work, no eat" sounds like a sound philosophy to me.
  9. C6H12O6


    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 ?
  10. Does it really matter that China helps Italy or Greece?
    I doubt
    #10     Sep 14, 2011