Wednesday, September 14, 2011

Italy looks to China to relieve debt problems

From: Euronews  | Sep 13, 2011 
 
China is a country of deep, deep pockets so who better to turn to when confidence is low and debt is high. Italian officials have been in Beijing and the boss of the China Investment Corporation led a delegation to Rome last week. There is still speculation as to the exact details of the meetings. Italian officials have confirmed that Foreign Minister Giulio Tremonti sat down with the Chinese representatives to offer what is believed to be bonds and investments in strategic companies.

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