EU begs China for 1 trillion euro bailout

[Nox]

http://www.eutimes.net/2011/10/eu-begs-china-for-huge-1-trillion-euro-banker-bailout/

Absolute disgrace. I will shoot myself if China actually does this.

[ZeroNowhere]

Hands off China!

[thefinalmarch]

the people's republic is totally a deformed workers' state bro

[Nox]

the people's republic is totally a deformed workers' state bro

I know...

[Queercommie Girl]

Most people in China don't agree with this kind of bailout, from what I've observed on the Internet, but the Chinese government would probably go ahead with it anyway. There is international solidarity among the capitalist class.

[Per Levy]

I will shoot myself if China actually does this.

i wouldnt say something like that, cause i can see china doing this, if the eu is willing to do something in return. i've read an interview with one of the main party teachers of the chinese cp, he said that they would actually give greece and the eu the money they need, since china doesnt want to much economic instability + it would open a door for china in europe. so yeah, i can see china actually doing this, if the eu is nice enough.

[tir1944]

And some "leftists" still have the cheek to speak of "Socialist China"...
:rolleyes:

[Nox]

i wouldnt say something like that, cause i can see china doing this, if the eu is willing to do something in return. i've read an interview with one of the main party teachers of the chinese cp, he said that they would actually give greece and the eu the money they need, since china doesnt want to much economic instability + it would open a door for china in europe. so yeah, i can see china actually doing this, if the eu is nice enough.

That's a good point I guess...

I don't really see what the EU can offer in return though.

[piet11111]

I don't really see what the EU can offer in return though.

Political support to counter the Americans especially against the accusations of fiscal policy that china is artificially keeping its currency undervalued.

[Per Levy]

That's a good point I guess...

I don't really see what the EU can offer in return though.

open european markets to china, more favourable investment possibilitys for chinese capital, more investment from european capital in china + the eu wont condem china for human rights breaches as much as it does right now.

that could be some optons.

[ckaihatsu]

That's a good point I guess...

I don't really see what the EU can offer in return though.


The 'respectability' that comes only with the imprimatur from the heartland of Western Civilization, Europe. (*Western* Europe, that is.)

Now you, too, can lease a part of cultural imperialism for less than you may have expected. Hurry up -- at *these* prices Western respectability is going to go fast -- !


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[ZeroNowhere]

As ckaihatsu seems to have forgotten to attach a diagram to his post, perhaps due to a sudden fit of absent-mindedness, one has been appended to this post to make up for it. It is, of course, no substitute, but hopefully it shall serve to at least bring some light to the subject and elucidate his very salient points.

[ckaihatsu]

Hey -- 1.3 billion people can't be wrong...!


x D





As ckaihatsu seems to have forgotten to attach a diagram to his post, perhaps due to a sudden fit of absent-mindedness, one has been appended to this post to make up for it. It is, of course, no substitute, but hopefully it shall serve to at least bring some light to the subject and elucidate his very salient points.


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[Blackscare]

Most people in China don't agree with this kind of bailout, from what I've observed on the Internet, but the Chinese government would probably go ahead with it anyway. There is international solidarity among the capitalist class.

I wouldn't call it international solidarity so much as a desire to see themselves vastly better placed at the bargaining table in the future.

[PC LOAD LETTER]

http://www.eutimes.net/2011/10/eu-begs-china-for-huge-1-trillion-euro-banker-bailout/

Absolute disgrace. I will shoot myself if China actually does this.
Don't do that - we anarchists need to increase our number, not reduce it!

[Waffles]

This is why socioethical concern for Communist countries is so important to maintain. It allows one to prevent Capitalist subversions of the Marxist classes, as is the case in this instance.

[Seth]

This is why socioethical concern for Communist countries is so important to maintain. It allows one to prevent Capitalist subversions of the Marxist classes, as is the case in this instance.

What?

[ckaihatsu]

Communist countries


(No one on earth can validly name even one, since none exist.)

(The Stalinist rulers of various Eastern-bloc-type / Non-Aligned-type / Maoist / Third Worldist countries during the Cold War marketed themselves at that time as "Communist", but that's as far as that went....)

(Don't make me post another one of my diagrams to this board, because I *will*....)(!)

[CAleftist]

"China is set to overtake the US by 2015."

What does this mean? Because my understanding is that a lot of the wealth created by Chinese workers ultimately goes into the profits of "multinational" corporations-corporations that are dominated by American capitalists.

[tir1944]

"China is set to overtake the US by 2015."
Hardly.
If Gross national product is what they're talking about.
The Chinese GNP is still only 1/3 or so of the US one,and it's impossible for a country to triple its GNP in just three or four years...