China, please don't help these lazy bastards. Why should China loan them their hard earned money? There is a reason why Rommel thought the Italians were lazy, pathetic, incompetent half wits.
Get back to work, lazy POS's.....
http://www.ft.com/cms/s/0/90c4c7f6-dd54-11e0-9dac-00144feabdc0.html#ixzz1XpE87875
Italyâs centre-right government is turning to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making âsignificantâ purchases of Italian bonds and investments in strategic companies.
According to Italian officials, Lou Jiwei, chairman of China Investment Corp, one of the worldâs largest sovereign wealth funds, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italyâs Cassa Depositi e Prestiti, a state-controlled entity that has established an Italian Strategic Fund open to foreign investors.
Italian officials were in Beijing two weeks ago to meet CIC and Chinaâs State Administration of Foreign Exchange (Safe), which manages the bulk of Chinaâs $3,200bn foreign exchange reserves.
The possibility of Chinese investment comes at a critical moment for Italy, as markets demand increasingly high yields to buy Italian public sector debt, projected to reach 120 per cent of GDP this year, a ratio second only to Greece in the eurozone.
Mr Tremonti has written extensively in the past about his fears of Chinaâs âreverse colonisationâ of Europe.
Get back to work, lazy POS's.....
http://www.ft.com/cms/s/0/90c4c7f6-dd54-11e0-9dac-00144feabdc0.html#ixzz1XpE87875
Italyâs centre-right government is turning to cash-rich China in the hope that Beijing will help rescue it from financial crisis by making âsignificantâ purchases of Italian bonds and investments in strategic companies.
According to Italian officials, Lou Jiwei, chairman of China Investment Corp, one of the worldâs largest sovereign wealth funds, led a delegation to Rome last week for talks with Giulio Tremonti, finance minister, and Italyâs Cassa Depositi e Prestiti, a state-controlled entity that has established an Italian Strategic Fund open to foreign investors.
Italian officials were in Beijing two weeks ago to meet CIC and Chinaâs State Administration of Foreign Exchange (Safe), which manages the bulk of Chinaâs $3,200bn foreign exchange reserves.
The possibility of Chinese investment comes at a critical moment for Italy, as markets demand increasingly high yields to buy Italian public sector debt, projected to reach 120 per cent of GDP this year, a ratio second only to Greece in the eurozone.
Mr Tremonti has written extensively in the past about his fears of Chinaâs âreverse colonisationâ of Europe.
