Europe is "capable of solving its own problems". Or at least, this is the opinion of Chinese premier Wen Jiabao, who speaking at the World Economic Forum he underlined how the countries of the Old Continent must "cope with debt problems". Alone, that is. China thus extinguishes the enthusiasm of the Europeans, who had deluded themselves that a deus ex machina from the Far East was arriving on their markets. These hopes were fueled by the rumors spread yesterday about a possible purchase of Italian BTPs by the Chinese.
In any case, "China will continue to increase its investments in Europe - added the premier of Beijing -, hoping that European leaders and executives of the main European countries will courageously outline their future relations with China from a strategic point of view ”. In essence, Wen Jiabao has asked that the European Union grant China the status of a "market economy".
As for new aid to the Eurozone, the BRICS countries (India, Brazil, Russia and South Africa, as well as China) will evaluate the possibility during a summit scheduled for this month in Washington on the sidelines of a summit of the World Bank and the IMF. This was communicated by R. Gopalan, secretary of economic affairs of the Indian finance ministry. In reality - according to Brazilian sources - the emerging countries have already started negotiations to increase their bond reserves in euro.
