Wednesday, September 14, 2011
Italy looks to China to relieve debt problems
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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