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Presseurop: Beijing tells Merkel "to do her homework"
From Germany's point of view, China could play a key role with its 3.2 trillion dollars of foreign currency reserves. However, Frankfurter Rundschau points out that the People's Republic will expect a gesture from Europe in return: for example -
EU recognition of China's status as a market economy, which would make it more difficult for European companies to take action against unfair competition or price dumping.
As a result, Handelsblatt remarks: the Chancellor, who can claim to be the leader that the Chinese believe "has taken charge of the drive to restore the euro," had no opportunity to promote bi-lateral relations as she had planned, and will now have to wait for further meetings later in the year to extract promises from the Chinese Prime Minister.


tens of millions of people stand to see their lives ruined because the bureaucrats at the ECB don't understand introductory economics -- Dean Baker
by Migeru (migeru at eurotrib dot com) on Fri Feb 3rd, 2012 at 09:14:40 AM EST
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