Fiscal austerity, or attach importance to economic growth? The euro-zone countries in opposition to resolve the debt crisis in Europe. In order to prevent the crisis from further expand, China is eager to act as donors. Although China has, together with the other BRIC countries (Brazil, Russia, India and South Africa) announced a rescue package, but China itself is also considered separately assistance measures.
However, the Chinese domestic public opinion to aid Europe show their dissatisfaction. Been issued such a question: Why should our hard-earned money to lazy Greeks?
The reason for China to consider taking such measures of assistance, not only taking into account the deterioration of the situation in Europe will directly impact on the domestic economy. Shrewd attempt to aid as a bargaining chip to force the German diplomatic compromise.
Specifically to refer to Europe to lift China arms embargo, to recognize China's market economy status.
China has been lifting the ban in Europe. The latter refers to in the WTO which, if other members of the recognized market economy country, in the negotiations will be at a disadvantage. China hopes the first to recognize China's market economy status in Europe.
As the United States, Britain and Japan opposed the abolition of the China arms embargo, advocating the lifting of the ban by France and Germany had no alternative but to date. However, the focus of the euro area under one of the most concern is the non-performing loans of the banking sector in Spain. If a strong financial background shot aid, then Germany, even if can not cancel the ban on the sale, also have to consider the opening up of China that can be converted to military use fuzzy technology.
Admittedly, the long term, the euro-zone economy will rely heavily on China. For example, Germany, Audi and other car manufacturers in China has been very popular. In fact, euro area exports to China accounted for about 10 percent of total exports to its regional.
Of course we want to solve the debt crisis in Europe also need to take radical measures. In this regard, the only German to become the "lender of last resort. In order to gradually reduce the yields of Spain and other European countries, the credibility of Germany and other countries with higher must unite with neighboring countries to issue bonds.
However, including the first batch of financial aid to Greece and the IMF injection of Germany so far out of the funds have been close to 10% of GDP, Germany has been that itself has been "do everything we can.
Footing is already chaotic situation in Europe, showed the rescue of Europe's bargaining chips in order to achieve the long-cherished wish of long-standing diplomatic. This idea is gradually becoming reality.