Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
So much for regulation.

This may be more important than it looks. While Switzerland, the Channel Islands and the Euro/Anglo offshore havens are being cleared out - at least a little - China can give itself plenty of political and financial leverage by taking their place.

Imagine a China which not only holds a huge mountain of US treasuries, but an equally huge mountain of off-shored cash - and the sensitive information about who owns it.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Thu Apr 2nd, 2009 at 07:58:06 PM EST
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