Financial aid from China carries risk for Europe
It is said that desperate times call for desperate measures. In the case of Europe’s financial health, the desperation of the debt crisis and political instability has the EU reaching its hand to China, a nation with a poor human rights record.
The willingness of Europe to seek assistance from China, says Arvind Subramanian of the Center for Global Development, “could represent a major change in the global landscape” and a consolidation of Chinese economic dominance. Read more about the potential pitfalls in Reuters.