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Euro Area Could Address Crisis Without China, Juncker Says
Date 30/10/2011 23:04  Author webmaster  Hits 874  Language Global
• 30 OCT 2011

By Patrick Donahue | Bloomberg

The euro area would be able to resolve the debt crisis without investment from surplus countries such as China, Luxembourg Prime Minister Jean-Claude Juncker told Germany’s ARD television in an interview.

While an investment by China in the European Financial Stability Facility “makes sense” given the magnitude of its surpluses, the decisions taken by European leaders last week to overcome the crisis could stand on their own, Juncker said.

“If China and other investors were not to invest in the end, the decisions that we’ve made are substantial enough alone to master the debt crisis,” Juncker told ARD.

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