Europe looks to China for possible bailout help

Europe looks to China for possible bailout help

Press quote (Associated Press)
Katinka Barysch
27 October 2011

"You will hear some less-serious people in Ireland or Greece say, We don't need you Europeans with your conditions because the Chinese will bail us out," said Katinka Barysch, deputy director of the CER. But the vast scale of Europe's needs — as much as 1 to 2 trillion euros for the bailout fund — makes that unrealistic, Barysch said. "This is just not something the Chinese will give them," she said.